Blogotariat

Oz Blog News Commentary

Stalling jobs market to rain interest rate cuts

February 16, 2024 - 00:05 -- Admin

Thursday’s labour force release for January from the Australian Bureau of Statistics (ABS) has cast doubt on the Reserve Bank of Australia’s (RBA) latest forecast that the nation’s unemployment rate would end 2024 at 4.3%. To recap, Australia’s unemployment rate rose to 4.1% in January with only 5000 jobs created over the month. The bigger

The post Stalling jobs market to rain interest rate cuts appeared first on MacroBusiness.