Despite unemployment climbing slightly to 4 per cent, 56,000 people found work last month, taking the proportion of Australians in work to a record.

Sydney Morning Herald

Sydney

New South Wales

Australia

Boom in new jobs dampens chance of early-year rate cut

Media Bias/Fact Check

Nine Entertainment Co.

Australia's unemployment has risen to 4 per cent, but only because more people are looking for work.

ABC Australia

Australian Government

Unemployment edges back to 4pc, despite 56,000 extra jobs

Unemployment in Australia showed no sign of falling, with a 0.1 percent rise to 4.0 percent in December of last year, according to the Australian Bureau of Statistics (ABS).
This follows a steady increase from its low point of 3.4 percent in October 2022.
While the number of people with jobs rose by 0.4 percent, so did the hours they are working—up by 0.5 percent in December, higher than the average monthly increase of 0.3 percent that year.
In …

Ad Fontes Media

All Sides

The Epoch Times

Epoch Media Group

New York

United States

Unemployment Reaches 4 Percent as Workers Face Longer Hours

A﻿ustralia's unemployment rate rose slightly to 4.0 per cent in December, raising hopes of a long-awaited interest rate cut when the Reserve Bank meets next month.The jobless rate was up 0.1 per cent last month, according to new data from the Australian Bureau of Statistics, despite 56,000 more people joining the workforce – a fairly strong performance for the final month of the year."With employment rising by 56,000 people and the number of une…

9News

Unemployment rises slightly, boosting chances of February rate cut

With both job creation and unemployment on the rise, Australia's labor market is facing a conundrum. It's uncertain what will happen to interest rates next month because of this unexpected mix.

IBTimes Australia

IBT Media

Australia's Unemployment Rate Hits 4% In December, Raising Interest Rate Uncertainty

BizToc

Australia's unemployment rate at 4% in December

A surge in jobs in December has economists split over whether the Reserve Bank is likely to cut rates in February, with some predicting a cut may not come until the second quarter of the year.

Business News

Jobs surge splits rate cut predictions

Despite rising unemployment, the economy saw a 0.4 percent increase in jobs in December. 
Unemployment in Australia showed no sign of falling, with a 0.1 percent rise to 4.0 percent in December of last year, according to the Australian Bureau of Statistics (ABS). This follows a steady increase from its low point of 3.4 percent in October 2022. While the number of people with jobs rose by 0.4 percent, so did the hours they are working—up by 0.5 p…

Australian National Review

Australian National Review - Unemployment Reaches 4 Percent as Workers Face Longer Hours

English Times

Jobs surge splits rate cut predictions – English Times

The Australian Bureau of Statistics (ABS) will release the December monthly employment report at 00:30 GMT on Thursday.

Boom in new jobs dampens chance of early-year rate cut

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics