Jobless rate jumps to 3.9 pc as rate hikes slow economy

from Peter Ryan_ABC News Soundcloud · host Peter Ryan

Australia's unemployment rate has increased to 3.9 per cent despite the creation of more than 60,000 jobs last month, as the participation rate surged to a fresh record high. Also, Australian shares rally after US Federal Reserve chair signaled interest rates have probably peaked and economists pencilled in rate cuts in late 2024. Reporter: Peter Ryan, Senior Business Correspondent Featured: Jerome Powell, US Federal Reserve chair Keywords:

Episode metadata supplied by the publisher feed · Published Dec 14, 2023

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Jobless rate jumps to 3.9 pc as rate hikes slow economy

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