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Unemployment hits five-year high
Published 23 hours ago
Description
Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move.
Australia’s unemployment rate rose to 4.7 per cent in September, its highest level since October 2021. Blair Chapman, chief economist at Seek, discusses the state of the jobs market, hiring trends, salaries and what the figures could mean for interest rates. The Australian sharemarket fell 0.1 per cent, with technology and mining stocks under pressure. Ben Clark, portfolio manager at TMS Private Wealth, joins SBS Finance Editor Ricardo Gonçalves to discuss the market, the Australian dollar and investment opportunities.
In this episode
Australia’s unemployment rate rose to 4.7 per cent in September, its highest level since October 2021. Blair Chapman, chief economist at Seek, discusses the state of the jobs market, hiring trends, salaries and what the figures could mean for interest rates. The Australian sharemarket fell 0.1 per cent, with technology and mining stocks under pressure. Ben Clark, portfolio manager at TMS Private Wealth, joins SBS Finance Editor Ricardo Gonçalves to discuss the market, the Australian dollar and investment opportunities.
In this episode
- What the rise in unemployment says about the jobs market and hiring trends
- How the jobs figures could affect the RBA’s next interest rate decision
- What Seek’s Advertised Salary Index suggests about pay
- Why technology and mining stocks fell, and what investors are watching