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Australian Unemployment Rate Slides to 3.9 Percent

Some economists speculate that the RBA may not be in a hurry to cut rates based on these figures.
Australian Unemployment Rate Slides to 3.9 Percent
Commuters make their way through Martin Place Metro Station in Sydney, Australia, on Aug. 19, 2024. Lisa Maree Williams/Getty Images
Monica O’Shea
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Australia’s unemployment rate dropped to 3.9 percent from 4.1 percent in November, data from the Australian Bureau of Statistics (ABS) reveals.

ABS labour statistics head David Taylor said a higher-than-usual number of people moved into employment in November.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
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