Unemployment rate in September was 4.1% – making it unlikely the Reserve Bank will cut interest rates this yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s economy added far more jobs than expected last month, making it less likely the Reserve Bank will be opting for an interest rate cut this side of Christmas.The gains lifted the number of extra jobs since the Albanese government took office to more than 1 million, treasurer Jim Chalmers said. Continue reading…
Source link : https://www.theguardian.com/business/2024/oct/17/australia-unemployment-rate-september-2024-rba-interest-rates
Author : Peter Hannam Economics correspondent
Publish date : 2024-10-17 01:49:40
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Strong jobs figures lower expectations of pre-Christmas interest rate cut
