Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (SYDNEY) - Australia unemployment printed at 4.2% over August, steady from July and in line with market expectations, however, the economy added 47,500 jobs, higher than the 26,000 expected, according to data released by the Australian Bureau of Statistics Thursday.
“The growth in employment increased the employment-to-population ratio by 0.1 percentage point to 64.3%, which is just below the November 2023 historical high of 64.4%,” said Kate Lamb, head of labour statistics at the ABS.
The Reserve Bank of Australia updated its assessment on the labour market and demand within the economy following its August meeting, which could lead the bank to hold the cash rate at 4.35% for longer. (See MNI: Markets Overplaying End-of-Year RBA Cut - Ex-Economists) The RBA expects the unemployment rate to reach 4.3% by Q4.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.