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 last month as the unemployment rate remained steady, making an early Reserve Bank interest rate cut less likely.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% reported by the ABS four weeks ago. Continue reading...

https://www.theguardian.com/business/2024/sep/19/australias-unemployment-rate-remained-flat-in-august-dampening-hopes-of-rba-interest-rate-cut

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2024-09-19 01:50:35

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