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Latest news: Unemployment

Light shone on Reserve Bank's gloomy economic outlook

Light shone on Reserve Bank's gloomy economic outlook

Treasury's productivity assumption has been described as "unrealistically optimistic" but the Reserve Bank's might be too downbeat, an economist says.

Unemployment nears five-year high ahead of rates call

Unemployment nears five-year high ahead of rates call

Unemployment nears five-year high ahead of rates call

Unemployment nears five-year high ahead of rates call

While a rise in the unemployment rate in August likely won't stop the Reserve Bank hiking rates at its next board meeting, further rate rises are less certain.

Jobs data last piece in puzzle for Reserve Bank board

Jobs data last piece in puzzle for Reserve Bank board

Jobs data last piece in puzzle for Reserve Bank board

Jobs data last piece in puzzle for Reserve Bank board

Unemployment data is not expected to deter the Reserve Bank from hiking interest rates for a fourth time in 2026 when it meets later in September.

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Ex-PM's plea to fast-track AI to defend our interests

Ex-PM's plea to fast-track AI to defend our interests

As concerns grow over the societal disruption from artificial intelligence, a former prime minister is urging the nation to get on with building the industry.

Push for path to appeal computer-determined health care

Push for path to appeal computer-determined health care

Independent MPs will back a bill to change the automated decision-making pathways the government uses to determine key health funding.

Spending slowdown sparks memories of 'retail recession'

Spending slowdown sparks memories of 'retail recession'

Grappling with rising interest rates and declining real wages, retailers are expected to be hit hard by a year of slower consumer spending.

Rise in unemployment shows jobs market softening slowly

Rise in unemployment shows jobs market softening slowly

The jobs market appears to be softening with a rise in the jobless rate to 4.5 per cent, which should take pressure off the Reserve Bank to lift interest rates.

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Jobs data and a fireside chat: the economic week ahead

Jobs data and a fireside chat: the economic week ahead

Jobs data and a fireside chat: the economic week ahead

Jobs data and a fireside chat: the economic week ahead

Unemployment and wage figures are the pick of the week's economic data, while traders will tune in to a "fireside chat" with the Reserve Bank deputy governor.

Higher rates and pricey petrol as economic outlook dims

Higher rates and pricey petrol as economic outlook dims

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.

Strong jobs figures clock on for future rate rise shift

Strong jobs figures clock on for future rate rise shift

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

'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

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.

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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.

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

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

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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

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

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

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

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.

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