Australia's unemployment rate jumped to 4.5 percent in September - up from 4.3 percent in August, according to new reports.

This is the highest seasonally adjusted unemployment rate recorded since November 2021.

Australian correspondent Murray Olds says this will likely put extra pressure on the Reserve Bank to make another interest rate cut.

LISTEN ABOVE

Australia's unemployment rate jumped to 4.5 percent in September - up from 4.3 percent in August, according to new reports.
This is the highest seasonally adjusted unemployment rate recorded since November 2021.
Australian correspondent Murray Olds says this will likely put extra pressure on the Reserve Bank to make another interest rate cut.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Murray Olds: Australian correspondent on Australia's unemployment rate reaching 4.5 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/07aae91f-bd3b-46da-970a-b3780049da0d/transcript

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