October 21, 2024 01:22 GMT
BRIEF: RBA Surprised By Jobs Growth - Hauser
MNI (SYDNEY) - Reserve Bank of Australia Deputy Governor Andrew Hauser says the strong labour market has surprised the central bank, noting supply and demand continue to remain unbalanced.
Resilient employment, about 64,000 jobs were created while the unemployment rate tightened 10 basis points to 4.1% over September, showed supply remained weak, while demand continued to be strong, he told an industry conference in Sydney.
The tight labour market was the top consideration many firms gave for constraining output growth, he said. (See MNI: Hot Labour Market Pushes Back Easing-Ex RBA Economists)
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