# Unemployment climbs to 5.2pc, putting RBA under more pressure to cut rates - ABC News

> Australia's seasonally adjusted unemployment rate rose to 5.2% in April, up from 4.9% in February, despite 28,000 new jobs. The weaker-than-expected figure briefly pushed the Australian dollar below 69 US cents, its lowest in more than three years.

- Date: 2019-05-16 · published 2019-05-16T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/59353-unemployment-climbs-to-5-2pc-putting-rba-under-more-pressure-to-cut-rates-abc
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Rising unemployment increases pressure on the RBA to cut rates, which weakens the AUD and reflects softer domestic demand in a major commodity exporter.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/news/2019-05-16/unemployment-and-employment-april-2019/11118482

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.