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Government jobs printer delays RBA rate cuts

October 22, 2024 - 07:00 -- Admin

Last week, the Australian Bureau of Statistics (ABS) released a stronger-than-expected employment report, with 64,000 jobs created in September (51,600 full-time), a 0.1% decline in the nation’s unemployment rate, and record participation and employment-to-population rates. The strong result prompted interest rate traders to push back their expected timing of the first Reserve Bank of Australia

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