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AAP
AAP
Business
Jacob Shteyman

Jobless fall gives RBA room before next rate cut

RBA David Rumbens Michele Bullock Australia Unemployment
Unemployment slipped back to 4.2 per cent in latest Australian Bureau of Statistics figures. (Bianca De Marchi/AAP PHOTOS)

A modest fall in the jobless rate shows Australia's labour market is still resilient, giving the Reserve Bank breathing room before it cuts interest rates again.

The unemployment rate edged down to 4.2 per cent in July, the Australian Bureau of Statistics reported on Thursday, while 25,000 jobs were added to the economy.

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