Reported about 3 hours ago
Australia experienced an unexpected employment decline in August, losing 5,400 jobs, primarily due to a drop in full-time positions, while the jobless rate held steady at 4.2%. Despite the slowdown, the Reserve Bank of Australia is not expected to alter interest rates this month, although a cut in November appears likely. Overall, job growth has slowed significantly, and the participation rate dipped to 66.8%, indicating a cooling labor market.
Source: YAHOO