Australian economy adds twice as many jobs as expected as unemployment rate rises to 3.7%

Employers added a net 54,900 jobs in October as economy’s resilience contributed to tight labour marketFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s employers added more jobs than expected last month as the economy’s resilience contributed to a tight labour market – keeping open the possibility of another Reserve Bank interest rate rise.The unemployment rate rose in October to 3.7%, with a net 54,900 jobs added for the month, the Australian Bureau of Statistics reported on Thursday. Of those, 17,000 were full-time positions. Continue reading…



Source link : https://www.theguardian.com/business/2023/nov/16/australian-economy-adds-twice-as-many-jobs-as-expected-as-unemployment-rate-rises-to-37

Author : Peter Hannam

Publish date : 2023-11-16 03:27:59

Copyright for syndicated content belongs to the linked Source.