Shock unemployment drop dents hope of early rate cut
13 Dec, 2024
Unemployment has fallen to its lowest level since March, surprising economists and once again denting hopes of an earlier-than-expected interest rate cut.
The jobless rate for November fell to 3.9 per cent, according to new data from the Australian Bureau of Statistics, far better than the rise to 4.2 per cent the market had been forecasting.
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