Australia’s jobless rate has climbed. Could a softer jobs market change the outlook for rates?
Australia’s unemployment rate has risen to 4.6 per cent, but what does that really tell us about the strength of the jobs market and the outlook for interest rates? SBS Finance Editor Ricardo Gonçalves speaks with Westpac senior economist Pat Bustamante about the latest labour force figures and what they could mean for inflation and the RBA. Plus, Tom Kennedy speaks with Adam Dawes from Shaw and Partners about the day’s sharemarket moves and the rebound in oil prices.
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