Show Notes
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.
Listen to more episodes of News in Depth. Follow SBS News on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.
For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.
More from SBS On the Money
Oil reaches about US$114 a barrel as investors weigh inflation, interest rates and the Australian dollar.
Delays to power upgrades at NextDC's Melbourne site forced a sharp downgrade, raising questions for data centre investors.
NAB says the cuts will simplify its operations, while promising no material impact to customer-facing banking roles.
Grattan proposes a 15 per cent GST that includes food, with tax cuts and welfare payments to offset the cost.
Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move.