Traders in Asia assessed jobs data from Australia, which showed the country's unemployment rate dropping to 3.9% in November from 4.1% the month prior.

CNBC

United States

Asia markets trade higher after Nasdaq hits record high on tame inflation data; Aussie jobless rate drops

Anthony Albanese is hoping for interest rate cuts before the 2025 election. But a strong jobs market makes a rate cut decision tougher for the RBA.

Media Bias/Fact Check

Sydney Morning Herald

Nine Entertainment Co.

Sydney

New South Wales

Australia

Surprise 3.9 per cent unemployment rate erodes rate cut chance

Ad Fontes Media

All Sides

Roberts family

Australia's unemployment rate falls to 3.9pc in November, down from 4.1pc in October, while

ABC Australia

Australian Government

Australia's unemployment rate falls to 3.9pc in November

The latest data from the Bureau of Statistics showed that Australia's job market was unexpectedly strong in November, with the unemployment rate falling by 0.2 percentage points to 3.9%.

統計局最新數據顯示，澳洲11月的就業市場出人意料的強勁，失業率下降了0.2個百分點，跌至3.9%。

11月失業率意外下降 新增5萬全職就業 | 就業市場 | 澳洲

大纪元 Epoch Times

Falun Gong

Unemployment rate unexpectedly drops in November, 50,000 new full-time jobs added

(Bloomberg) — Australia’s unemployment rate unexpectedly fell in November as the nation’s golden streak of hiring gains extended, underscoring the resilience of the labor market to elevated interest rates and prompting traders to pare back bets of a February interest-rate cut.

Financial Post

Leon Cooperman

Allianz

Canada

Australian Unemployment Falls, Traders Trim Rate-Cut Bets

Australia’s unemployment rate dropped to 3.9 percent from 4.1 percent in November, data from the Australian Bureau of Statistics (ABS) reveals.
ABS labour statistics head David Taylor said a higher-than-usual number of people moved into employment in November.
“With employment rising by 36,000 people and the number of unemployed decreasing by 27,000 people, the unemployment rate fell to 3.9 percent,” he said.
Meanwhile, the participation rate fe…

The Epoch Times

Epoch Media Group

New York

Australian Unemployment Rate Slides to 3.9 Percent

There's been an unexpected fall in Austraila's unemployment rate from 4.1% to 3.9% in November. SBS Finance Editor Ricardo Gonçalves speaks with SEEK Economist Blair Chapman and Nabtrade's Gemma Dale to find out what it says about the economy, and means for interest rates, shares and the currency.

SBS News

Unemployment rate falls, so too the chances of a February 2025 rate cut

Unemployment has fallen to its lowest level since March, surprising economists and once again denting hopes of an earlier-than-expected interest rate cut.The jobless rate for November fell to 3.9 per cent, according to new data from the Australian Bureau of Statistics﻿, far better than the rise to 4.2 per cent the market had been forecasting.While positive news for the roughly 36,000 people who found work last month, the drop is likely to keep t…

9News

Shock unemployment drop dents hope of early rate cut

More than 35,000 people found jobs in November, pushing the unemployment rate below 4 per cent for the first time since March.

Australian Financial Review

Jobs shock as unemployment rate falls to 3.9pc

More than 35,000 jobs were added to the economy in November, exceeding expectations, as the jobless rate fell to 3.9 per cent. By Jacob Shteyman in Canberra The chances of a February interest rate cut have taken a tumble after Australia’s unemployment rate unexpectedly fell to 3.9 per cent. The Australian Bureau of Statistics recorded an increase of 35,600 jobs to the economy in November – exceeding the 30,000 gain pencilled in by forecasters. A…

Asia markets trade higher after Nasdaq hits record high on tame inflation data; Aussie jobless rate drops

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics