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Australia’s Job Market Slows, RBA Watches | Perth News

Australia’s Job Market Slows, RBA Watches | Perth News

Published 2 weeks, 1 day ago
Description

Australia’s job market is cooling slightly, with unemployment holding steady at 4.4% and job ads down sharply from last year—though construction and infrastructure sectors remain strong. This softening could give the Reserve Bank room to pause on interest rate hikes, but solid other economic indicators and rising global oil prices keep inflation pressure in play. The upcoming jobs report could be a make-or-break moment for whether rates go up—or stay put.

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