Unemployment rate at 4.7 per cent in September. What does that tell us? | ABC NEWS
Australia’s seasonally adjusted unemployment rate remained at 4.7 per cent in September, after August’s jobless rate was revised upwards. An estimated 39,300 fewer Australians were in work last month, and the number of officially unemployed people increased by 8,900.
Chief economist at William Buck Besa Deda says the news would be welcomed by policy makers. RBA governor Michele Bullock has suggested an unemployment rate between 4.5 and 5 per cent would ‘take enough heat out of the labour market’ to ease pressure on inflation.
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