US EditionWhy shock drop in jobs won’t shift RBA rates without other factors
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Why shock drop in jobs won’t shift RBA rates without other factors
MORE Australians lost a job than found one for the first time in 10 months, in a development that has surprised economists and will keep the Reserve Bank on its toes. However, analysts don’t expect the shock result to have much bearing on the chances of further interest rate cuts. Australia’s jobs market remains remarkably resilient, with unemployment holding strong at 4.1 per cent, the Australian Bureau of Statistics reported last week. Almost …
·Ipswich, Australia
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