Australia’s unemployment rate has climbed to its highest level since late 2021, with nearly 19,000 jobs lost and youth unemployment on the rise, raising fresh questions about the economic outlook and the path for interest rates. Deloitte Access Economics partner Stephen Smith breaks down what’s driving the shift and what it means in a climate of global uncertainty and elevated borrowing costs. Meanwhile, the sharemarket surged, with the ASX 200 posting its strongest gain in six weeks, lifted by materials, banks and real estate, as Heath Moss from HLM Investments unpacks what’s behind the rally and whether it can last.
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SBS News In Depth Folgen
Hear the story behind the headlines. In each episode, we’ll help you make sense of the news stories that matter to you from Australia and the world, with reports and interviews from the SBS News team.
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Folge vom 21.05.2026Jobless rate hits 4.5 year high as ASX posts strongest rally in weeks
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Folge vom 21.05.2026China’s revolving door of world leaders, DRC’s Ebola emergency & Trump’s ‘slush fund’Beijing looks to capitalise on rival powers following back-to-back visits from the US and Russian presidents, as The Democratic Republic of the Congo struggles to contain a deadly Ebola outbreak. Plus, Donald Trump celebrates a landmark settlement with the IRS, and we investigate the art of the perfect diplomatic gift.
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Folge vom 21.05.2026Conservation protest takes aim at "needless" harvesting on Great Barrier ReefAustralia is home to the world's largest coral reef ecosystem, but conservationists say it's also the country's largest coral fishery. The sustainability of the Great Barrier Reef has been the subject of discussion among environmentalists for quite some time. Now, a group of conservationists have resorted to an unconventional method of putting the spotlight on the situation.
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Folge vom 21.05.2026New funding announced to fight deadly diphtheria outbreak in AustraliaAustralia's worst diphtheria outbreak in decades has spread across Northern Territory into Western Australia, Queensland and South Australia, with more than 230 [[as of May 21]] cases of the disease reported so far this year. Aboriginal Community Controlled Health Organisations and health workers are welcoming a $7 million federal government funding package aimed at supporting the response to the outbreak. But, experts say the re-emergence of the disease exposes serious gaps in the public health system.