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Latest news: Unemployment

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.

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.

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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

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

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

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.

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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.

Forget quiet quitting: job-hugging tipped as top trend

Forget quiet quitting: job-hugging tipped as top trend

Forget quiet quitting: job-hugging tipped as top trend

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

Belt tightening in order as federal payments balloon

Belt tightening in order as federal payments balloon

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

Christmas rate relief off the table at last RBA meeting

Christmas rate relief off the table at last RBA meeting

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

Wages data could force RBA to turn page on rates cut

Wages data could force RBA to turn page on rates cut

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.

Australian economy 'island of security' in risky seas

Australian economy 'island of security' in risky seas

Australian economy 'island of security' in risky seas

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

Economy heads for first major test since RBA rate hold

Economy heads for first major test since RBA rate hold

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.

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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.

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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.

West is best economically as eastern states left behind

Western Australia remains the top economic performer in CommSec's State of the States rankings, but its "breakneck" growth is starting to lose momentum.

Peek into surprise RBA decision as rate cut on cards

Borrowers are hoping for clarity on the Reserve Bank's next moves as an unexpected jump in unemployment firms the case for an interest rate cut.

Jobless rate nears four-year high, firms rethink plans

Australia's unemployment rate has bucked expectations and risen as economic headwinds take their toll on employers.

All signs point to jobs market holding firm in new data

Forward indicators suggest Australia's unusually low unemployment rate will stay steady in fresh data set to be released by the Australian Bureau of Statistics.

Spotlight on unemployment as jobs market loses heat

Jobs data is set to dominate the economic agenda in Australia, while onlookers expect the Federal Reserve to keep US interest rates on hold.

Jobs market strong but Trump tariff bomb yet to explode

Australia's jobs market is holding up better than expected, but the impact of Donald Trump-imposed tariffs is yet to play out across the globe.

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