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AAP

Business

Andrew Brown

Rates cut back in the works as jobless figure spikes

Reserve Bank Unemployment

Rising unemployment has pointed to a weakening in Australia's jobs market. (Joel Carrett/AAP PHOTOS)

A shock jump in Australia's unemployment rate has increased pressure on the Reserve Bank to cut interest rates at its next meeting.

Labour force figures showed unemployment rising from 4.2 per cent to 4.5 per cent in September, according to the Australian Bureau of Statistics.

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We Got This Covered

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Take care of your little ones!

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Sports Illustrated

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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