ABS reveals robust labour market as jobless rate drops from 4.1% to 3.9%, its lowest since March
Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcast
A surprisingly robust labour market in November, including more than 50,000 additional full-time jobs, has set back hopes of an early move by the Reserve Bank to cut interest rates. Stocks sank and the dollar rose on the news.
The jobless rate last month dropped to 3.9%, the Australian Bureau of Statistics reported on Thursday. Economists had forecast the rate would rise to 4.2% from October’s 4.1% level.
Sign up for Guardian Australia’s breaking news email
About Author
More Stories
Painstaking work to conserve Ireland’s oldest paper documents begins
Swept overboard: Sydney to Hobart sailor’s struggle to survive alone in the ocean at night
South Korean lawmakers impeach acting president Han Duck-soo