Australia's Jobs Report: Mixed Signals for RBA
Update: 2025-12-11
Description
Australias jobs report leaves economists puzzled as unemployment rate remains steady at 4.3% in November, despite expectations of a rise. However, a surprising drop of 21,300 jobs suggests a potential softening in the labor market. The Reserve Bank of Australia (RBA) is gathering crucial economic data ahead of a significant interest rate decision in February, with RBA Governor Michele Bullock hinting at a rate increase in 2026. Commonwealth Banks head of Australian economics, Belinda Allen, notes volatile components in the survey, leading to unusual results. The RBA views the labor market as still too tight to bring inflation back to its target, but the latest report raises questions about whether the labor market is truly cooling as anticipated, potentially influencing future rate decisions.
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