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Australian unemployment drops to 4.1 percent - report

Author
Newstalk ZB,
Publish Date
Thu, 17 Oct 2024, 5:47pm

Australian unemployment drops to 4.1 percent - report

Author
Newstalk ZB,
Publish Date
Thu, 17 Oct 2024, 5:47pm

Over in Australia, unemployment rates have dropped to 4.1 percent - making a pre-Christmas cut to interest rates less likely.

The economy added 64,100 more jobs last month, 51,600 of which were full-time roles.

Australian correspondent Murray Olds says this is good news for some people - but the reduced odds of a rate cut will put strain on homeowners.

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