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Unemployment rises less than expected

Publish Date
Wed, 6 Nov 2024, 6:51pm
Photo / File
Photo / File

Unemployment rises less than expected

Publish Date
Wed, 6 Nov 2024, 6:51pm

Unemployment rose less than expected in the September quarter – from 4.6% to 4.8%. 

This comes slightly below the financial market expectation of 5%.  

Infometrics CEO and Principal Economist Brad Olsen tells Heather du Plessis-Allan there are still a lot of challenges.  

Olsen believes this does not affect any hope of a 75 basis point cut but does create a significant dampener. 

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