Rate cuts brought forward as job figures disappoint

19 September 2019

 

Australia’s period of falling unemployment has possibly come to an end. After falling below 5% in late 2018, Australia’s jobless rate remained around that mark until March 2019 when it ticked up to 5.1%. It then moved up to 5.2% where it remained for the next four months. During this time, leading indicators softened and economists expect a third rate for the year shortly, along with more cuts in 2020....

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