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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.
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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
|Updated:
0:00

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.

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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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