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The Guardian // World

Static Australian unemployment rate makes near-term interest cut unlikely

Thursday 14th November 2024, 1:25AM

The jobless rate in October was 4.1%, according to the Australian Bureau of StatisticsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s unemployment rate held steady last month as employers kept hiring at almost the pace of a swelling population.The jobless rate in October was 4.1% for a third consecutive month, the Australian Bureau of Statistics said on Thursday. The result was in line with economists’ forecasts and matched a similar outcome for September.Sign up for Guardian Australia’s breaking news email Continue reading...

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