Australia's Unemployment Rate Slips to 4.3 per Cent

Australian Unemployment Decline Supports RBA Rate-Pause Call

(Bloomberg) — Australian unemployment declined in October and the economy added more jobs than anticipated, suggesting the labor market remains tight and vindicating the Reserve Bank’s decision to leave interest rates unchanged.

Chance of rate cut sours further after surprise fall in jobless rate

The fall in the unemployment rate to 4.3 per cent exceeded economists’ expectations and could push the RBA’s next interest rate cut back further.

Australia's unemployment rate slips to 4.3 per cent

The unemployment rate fell to 4.3 per cent in October, down from 4.5 per cent in September, as the number of people in employment increased by 42,200.

Unemployment rates falls to 4.3 per cent

Social Services Minister Amanda Rishworth says the number of Australains employed is at a record high. Photo: ALP. Australia’s unemployment rate has fallen to 4.3 per cent, with seasonally adjusted figures showing the number of unemployed people dropped by 17,000 in October while the number of employed people rose by 42,000 to a high of 14,683,200. The Australian Bureau of Statistics (ABS) released its latest labour force participation data on T…

Australian unemployment decline supports RBA rate-pause call

Jobs data are crucial for the RBA’s rate-setting board