Key events for the week ahead
\nAU: unemployment<\/p>\n
Date:\u00a0Thursday, 18 September at 11.30am AEST<\/p>\n
For July, employment in Australia rose by 24,500 jobs, in line with the 25,000 gain the market expected. The unemployment rate eased to 4.2% from 4.3% prior, as the participation rate held steady at 67%.<\/p>\n
Sean Crick, Australian Bureau of Statistics (ABS) head of labour statistics, said: \u2018With employment rising by 25,000 people and the number of unemployed decreasing by 10,000 people, the unemployment rate fell by 0.1 percentage points to 4.2 per cent in July.\u2019<\/p>\n
The firm employment report validated the RBA\u2019s cautious approach to monetary policy easing this year. It reinforces expectations that it will remain a cautious cutter going forward, given the tight labour market and concerns about upwards pressure on wages.<\/p>\n
The preliminary expectation for August is that the Australian economy will add 25,000 jobs and the unemployment rate will remain at 4.2%.<\/p>\n
Numbers that meet these expectations are anticipated to prompt the RBA to cut rates by 25 basis points (bp) in November, taking the cash rate back to 3.35%, before delivering a final 25 bp rate cut during the first half of 2026, taking the cash rate back to 3.10%.<\/p>\n
AU unemployment rate chart<\/p>\n","protected":false},"excerpt":{"rendered":"Key events for the week ahead AU: unemployment Date:\u00a0Thursday, 18 September at 11.30am AEST For July, employment in…\n","protected":false},"author":2,"featured_media":17177,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,220,111,139,69],"class_list":["post-17176","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/17176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=17176"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/17176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/17177"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=17176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=17176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=17176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}