Australia’s unemployment rate fell in November, sparking questions over rates
There’s some good news on Australia’s jobs market, with unemployment unexpectedly falling last month. But economists say it does take pressure off the Reserve Bank to lower interest rates, reducing the chances of a February rate cut.
Australia's jobless rate falls to 8-month low of 3.9% in November
The unemployment rate in Australia fell to an eight-month low of 3.9% in November, compared to forecasts of 4.2%. The economy also added 35,600 jobs, surpassing economists' expectations of
Unemployment rate falls, so too the chances of a February 2025 rate cut
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,
Australia's unemployment rate sinks to 3.9% in November — ABS
Australia's unemployment rate dropped to 3.9% in November, a decrease of 0.2 percentage points, according to the latest data from the Australian Bureau of Statistics (ABS). David Taylor, ABS Head of Labour Statistics, said the decline was driven by an increase of 36,000 people finding employment and a decrease of 27,000 in the number of unemployed.
‘Bye-bye’ February rate cut as unemployment rate falls to 3.9pc
More than 35,000 jobs were added to the economy in November, pushing the jobless rate below 4 per cent for the first time since March.
Australian unemployment falls, traders trim rate-cut bets
Australia’s unemployment rate unexpectedly fell in November as the nation’s golden streak of hiring gains extended, underscoring the resilience of the labour market to elevated interest rates and prompting traders to pare back bets of a February interest-rate cut.
Australia Jobless Rate Falls To 3.9% In November
The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in November, the Australian Bureau of Statistics said
Australia's unemployment drops to 8-mth low, markets pare Feb rate-cut bets
Australia's jobless rate posted a shock decline to an eight-month low in November, while employment extended its strong run, evidence of a far more resilient labour market than many had expected. The surprising strength prompted markets to scale back bets for an easing from the Reserve Bank of Australia in February,
Strong Australian Jobs Data Could Damp Prospects for February Rate Cut
Australia’s job market continues to defy a weak economy, with unemployment dropping sharply in November on the back of another solid month of employment growth.
Analysis: What Australia’s unemployment figures could mean for a rate cut
The prospect of an interest rate cut could be delayed longer after Australia's unemployment rate fell to 3.9 per cent.
Australia's unemployment rate falls to 3.9pc in November, its lowest level since March
Australia's unemployment rate fell to 3.9 per cent in November, down from 4.1 per cent in October. Bureau of Statistics (ABS) ...
Strong Australian Jobs Data Spurs Paring of Rate-Cut Bets
Australia’s unemployment rate unexpectedly fell in November as the nation’s streak of hiring gains extended, underscoring the ...
Australia news LIVE: Dutton to announce Coalition’s nuclear policy; Hope fading for February rate cute
Dutton is expected to reveal more details of his plan on Friday with a pledge to build seven full-scale nuclear power ...
Asia markets mixed; Aussie jobless rate drops to 8-month low; eyes on China’s key gathering
Asia-Pacific markets trade mixed on Thursday following Wall Street's after another record-setting rally, traders kept an eye ...