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Australia lost 21,300 jobs in November, signaling a labor market loosening that may allow the Reserve Bank of Australia to extend its interest rate pause, data showed.
- On Tuesday, the Australian Bureau of Statistics reported employment fell by 21,300, versus an expected 20,000 gain, suggesting the Reserve Bank of Australia could extend its interest-rate pause.
- The RBA's dual mandate means policymakers balance inflation control with supporting full employment amid limited spare capacity and tight labour conditions in the Australian economy.
- Markets reacted as the Australian currency fell and Australian stocks extended gains, while three-year government bonds yields plunged toward their biggest single-day drop since May.
- Updated forecasts due on Feb 3 will guide the Reserve Bank of Australia’s rate decision, with policymakers also reviewing new jobs data and the fourth-quarter inflation report.
- Forecast assumptions show a cash rate assumption of 3.4% in mid-2026 implying one cut, while analysts note surging credit growth and Simon Warner at Aware Super expects broadly stable growth.
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The Straits Times+6 Reposted by 6 other sources
Liverpool boss Slot to meet Salah amid tension
LIVERPOOL, Dec 12 - Arne Slot planned to have a face-to-face meeting with Mohamed Salah on Friday ahead of Saturday's Premier League match against Brighton & Hove Albion, the Liverpool manager said. Read more at straitstimes.com.
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Coverage Details
Total News Sources9
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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