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.

Commuters make their way through Martin Place Metro Station in Sydney, Australia, on Aug. 19, 2024. Lisa Maree Williams/Getty Images

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.