Ultima Markets[Market hotspot] A solid job market may lead toRBAActivate interest rate hike

Australia's unemployment rate hit a three month low

Australia9The monthly unemployment rate has slightly decreased, dropping to3.6%, is a new low in three months. This number is lower than market expectations3.7%But compared to8Of3.7%There has been some improvement. The number of unemployed people has also decreased, decreasing1.98Ten thousand people, totaling52. 05Ten thousand people. Meanwhile, the youth unemployment rate remains at8.1%。

On the other hand, there has been a slight increase in the number of employed individuals6,700People, achieving1,41110000 people, lower than market expectations2Ten thousand people. This increase is a continuation of 8 Monthly increase 6.33 It will appear after ten thousand people. The number of part-time employees has increased significantly4.65Ten thousand people, reaching430Ten thousand people; A decrease in full-time employment3.99Ten thousand people, reaching98110000 people.

(Unemployment rate, Australian Bureau of Statistics)

Labor participation rate maintained at66.7%。

The participation rate, which measures the proportion of active job seekers, has set a record since last month67%Descend to66.7%Below predicted67%. Meanwhile, the underemployment rate (i.e. the percentage of individuals seeking more jobs) has slightly decreased, from 6.5% lower 6.4%。

The Bank of Australia may raise interest rates again

Reserve Bank of Australia（RBA）The interest rate has been maintained unchanged for four consecutive months. This is because the Bank of Australia is attempting to evaluate2022year5Month to2023year6During the month12Is the second interest rate hike sufficient to control inflation.

The Bank of Australia predicts that,2025year6Inflation will return to2-3%The goal is to. However, the Bank of Australia also expects that,2023By the end of the year, the unemployment rate will rise4%. The Bank of Australia will11month10Revised estimates for daily release.

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.