An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers
The Guardian —
A resilient labour market is the jewel in Labor’s crown when it comes to its economic record. Is this month’s data a blip, or the start of something bigger?Get our breaking news email, free app or daily news podcastHear that? That’s the sound of the jobs market creaking, if not cracking.Australia’s unemployment rate unexpectedly jumped to a four-year high of 4.5% in September, up from 4.3% the month before. Continue reading...