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Latest news: Unemployment

Higher rates and pricey petrol as economic outlook dims

Higher rates and pricey petrol as economic outlook dims

Australian bonds traders are fully pricing in another Reserve Bank rate hike by the end of the year after a surprisingly strong rise in employment in June.

Surprise jobs jump gives RBA room to raise rates

Surprise jobs jump gives RBA room to raise rates

Surprise jobs jump gives RBA room to raise rates

Surprise jobs jump gives RBA room to raise rates

A larger-than expected rise in employment will not ease Reserve Bank fears about inflation as rising oil prices compound cost pressures.

Jobs data tops economic agenda as Iran war re-escalates

Jobs data tops economic agenda as Iran war re-escalates

Jobs data tops economic agenda as Iran war re-escalates

Jobs data tops economic agenda as Iran war re-escalates

Resilient jobs data is a bright spot for Australia's economy but the longer the Middle East conflict drags on, the worse the prospect for growth and inflation.

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Strong jobs figures clock on for future rate rise shift

Strong jobs figures clock on for future rate rise shift

More than 40,000 jobs have been added to Australia's economy to exceed expectations, but slowing growth could ease the Reserve Bank's inflation fears.

'Take a breath': Google tells Aussies to relax about AI

'Take a breath': Google tells Aussies to relax about AI

Workers need to stress less about the impact of artificial intelligence on their jobs, Google's Australian managing director says, and adapt to the disruption.

Advocates blast 'Groundhog Day' employment changes

Advocates blast 'Groundhog Day' employment changes

People seeking support to find a job will be funnelled into three separate streams under major changes to the one-size-fits-all approach to employment services.

Warning for borrowers as RBA frets over its credibility

Warning for borrowers as RBA frets over its credibility

The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.

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Job market yet to feel impact of Iran war, rate hikes

Job market yet to feel impact of Iran war, rate hikes

Job market yet to feel impact of Iran war, rate hikes

Job market yet to feel impact of Iran war, rate hikes

Australia's relatively low jobless rate has reinforced the Reserve Bank's view the labour market is still tight, adding to the case for more rate hikes.

CBA ups inflation prediction as supply chains strain

CBA ups inflation prediction as supply chains strain

CBA ups inflation prediction as supply chains strain

CBA ups inflation prediction as supply chains strain

Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.

NAB trims domestic workforce, bolsters offshore staff

NAB trims domestic workforce, bolsters offshore staff

NAB trims domestic workforce, bolsters offshore staff

NAB trims domestic workforce, bolsters offshore staff

NAB has proposed reducing its Australian workforce by 170 roles, while increasing staffing at its "innovation centres" in India and Vietnam.

Spike in jobless rate unlikely to end RBA hiking cycle

Spike in jobless rate unlikely to end RBA hiking cycle

Spike in jobless rate unlikely to end RBA hiking cycle

Spike in jobless rate unlikely to end RBA hiking cycle

A rise in unemployment and a surge in hiring point to conflicting impulses in Australia's labour market, but conditions remain relatively tight.

Labour pains for borrowers as jobs data hits rate hopes

Labour pains for borrowers as jobs data hits rate hopes

Labour pains for borrowers as jobs data hits rate hopes

Labour pains for borrowers as jobs data hits rate hopes

Economists fear two solid jobs readings could push the RBA to inflict more borrowing pain on Australian mortgage-holders.

Magic number that could decide an interest rate hike

Magic number that could decide an interest rate hike

Magic number that could decide an interest rate hike

Magic number that could decide an interest rate hike

Traders now tip a greater-than-50 per cent chance of an interest rate hike in February, but some pundits are holding out hope for a Reserve Bank reprieve.

Complacency risk for economy as tariff wars re-emerge

Complacency risk for economy as tariff wars re-emerge

Complacency risk for economy as tariff wars re-emerge

Complacency risk for economy as tariff wars re-emerge

A deterioration in the job market could spare Australian borrowers interest rate hikes in 2026, an economist says.

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Forget quiet quitting: job-hugging tipped as top trend

Fewer Australians are expected to seek fresh employment as the market becomes tighter and artificial intelligence technology creates uncertainty.

Belt tightening in order as federal payments balloon

More than $12 billion in program cost blowouts demand tighter spending in other parts of the federal budget, the treasurer is warning Australians.

Christmas rate relief off the table at last RBA meeting

The official cash rate is expected to remain on hold when the Reserve Bank decides on interest rates for the last time in 2025.

Wages data could force RBA to turn page on rates cut

Unlikely to receive another rate cut in the next six months, borrowers will at least see the big four banks face parliamentary scrutiny in Canberra this week.

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Australian economy 'island of security' in risky seas

A shock fall in unemployment has wrong-footed analysts and dashed hopes of further interest rate cuts as the treasurer talks up Australia's economic strength.

Economy heads for first major test since RBA rate hold

Australia's volatile unemployment rate is expected to tick back down to 4.4 per cent, which would add little urgency for the Reserve Bank to cut interest rates.

RBA drops rates hint as Australia maintains AAA status

Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.

Jobs figures 'settling back' into pre-COVID levels

A shock increase in unemployment rates has been put down to the jobs market coming back to regular rates after pandemic-induced fluctuations.

National economy still stuck in 'productivity malaise'

Despite a modest pick-up in productivity growth and signs private sector employment is recovering, Australia's slump in productivity is far from over.

Jobs data in focus as economic outlook brightens

Workers are taking home a larger slice of the economic pie as a result of Australia's historically tight labour market.

Jobless fall gives RBA room before next rate cut

The unemployment rate slid to 4.2 per cent in July, partly because of an unwinding from an earlier, outsized jump, the Australian Bureau of Statistics reports.

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