Australia’s unemployment rate unchanged at 4.2%, dampening hope of RBA interest rate cut

ABS figures show employers added 47,500 positions last month, above forecastsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s economy added more jobs than expected in August as the unemployment rate remained steady, making a Reserve Bank interest rate cut less likely in the short term.The jobless rate in August was 4.2%, the Australian Bureau of Statistics reported on Thursday. Economists had it expected it to remain in line with the 4.2% in July. Continue reading...

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Sep 18, 2024 - 23:59
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Australia’s unemployment rate unchanged at 4.2%, dampening hope of RBA interest rate cut

ABS figures show employers added 47,500 positions last month, above forecasts

Australia’s economy added more jobs than expected in August as the unemployment rate remained steady, making a Reserve Bank interest rate cut less likely in the short term.

The jobless rate in August was 4.2%, the Australian Bureau of Statistics reported on Thursday. Economists had it expected it to remain in line with the 4.2% in July. Continue reading...

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