But the chances of a pre-Christmas interest rate cut have all but evaporated after ABS figures revealed the jobs market continuing to surge.
The chances of a surprise pre-Christmas interest rate cut have all but evaporated after new figures revealed the jobs market continuing to surge and a record 10 million Australians holding down full-time employment.
Full-time jobs formed the bulk of the increase in total employment, at 51,600, while part-time positions were up by 12,500. “This is the most jobs ever created in a single parliamentary term by any Australian government,” he said. EY senior economist Paula Gadsby said next week’s September quarter inflation figures would give a clearer indication of how quickly price pressures are easing across the economy.
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