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The Guardian - AU
The Guardian - AU
Business
Peter Hannam Economics correspondent

Strong Australian jobs figures lower expectations of pre-Christmas interest rate cut

Customers and staff in a cafe
The unemployment rate in September was 4.1%, the Australian Bureau of Statistics reported on Thursday. Photograph: Dan Peled/AAP

Australia’s economy added far more jobs than expected last month, making it less likely the Reserve Bank of Australia will be opting for an interest rate cut this side of Christmas.

The gains lifted the number of extra jobs since the Albanese government took office to more than 1 million, the treasurer, Jim Chalmers, said.

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