16-October-2026
Economy News
 
Australia Employment Unexpectedly Slides in September, Jobless at 4.7%
15-Oct-2026

Australian employment unexpectedly fell in September, data showed on Thursday, while the unemployment rate held at a five-year high, a soft result that had investors paring back wagers on another hike in interest rates. Markets now imply a nearly 90% chance the Reserve Bank of Australia will leave interest rates unchanged at 4.6% in November, up from 66% before the data, after delivering four rate hikes this year. The chance of a move in December has fallen to just 31%, with another rate increase no longer fully priced in.

News Source:- https://money.usnews.com/investing/news/articles/2026-10-14/australia-employment-slides-39-300-in-september-jobless-at-4-7