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AAP
AAP
Business
Kat Wong

Rate cut prospects up in the air as labour market cools

Tax Cuts ACOSS Cassandra Goldie Anthony Albanese
The unemployment rate is stable at 3.9 per cent for the second consecutive month. (Jane Dempster/AAP PHOTOS)

Borrowers are holding out hope for a rate cut in coming months after jobs data signalled a cooling labour market.

The jobless rate held at 3.9 per cent for a second month as employment dropped by 65,000 and the number of unemployed Australians slipped by 1000, data from the Australian Bureau of Statistics released on Thursday revealed

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