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[BUSINESS] · Australia · 24 sources

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Part of situation: Australian housing market faces prolonged price and supply (137 clusters)

Australia unemployment rate hits five-year high of 4.7%

Australian labor market unemployment rate Reserve Bank of Australia employment data interest rates

Australia's labor market showed significant cooling in September, with employment falling by 39,300 jobs, a sharp reversal from previous gains. This decline was driven entirely by a loss of 73,700 part-time positions, while full-time employment saw an increase of 34,400. Consequently, the national unemployment rate rose to 4.7 per cent, a five-year high.

The unexpected weakness in the jobs data has shifted market sentiment regarding monetary policy. Expectations for a Reserve Bank of Australia (RBA) interest rate hike in November have decreased significantly, with some market pricing for a hike falling from 35% to below 20% following the announcement.

In related economic news, the RBA's annual report revealed that Governor Michele Bullock received a total remuneration of $1,223,465 for the last financial year. Additionally, the Western Sydney Aerotropolis continues to see growth, with $34.6 billion in private investment committed to the region as the Western Sydney International Airport begins operations.

Entities

Australia · Australian Bureau of Statistics · Bradfield City · Cotality Research · Michele Bullock · Minns Labor Government · Prue Car · Reserve Bank of Australia · Western Sydney Aerotropolis · Western Sydney International Airport · Western Sydney International Airport

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Opportunity still knocks - Parra News - Parramatta's Independent Voice [www.parranews.com.au]
Bradfield booms: Investment in new city continues | Bradfield Bulletin - WSI Airport & Bradfield City News [bradfieldbulletin.com.au]
Canada sheds 68,000 jobs, unemployment rate up to 6. 5% in September [www.europesays.com]
NSW unemployment rate: Jobless figures hit five-year high as economic headwinds impact state [www.watoday.com.au]
Australia traci miejsca pracy. Słabe dane uderzają w AUD i oddalają podwyżkę stóp procentowych [forexclub.pl]
Australian Jobless Rate Climbs Amidst Market Shifts [www.sharecafe.com.au]
‘It’s certainly not helping it’: RBA rate hike and housing crisis [tickernews.co]
The RBA is $11. 3 billion in the red. Here’s why Jim Chalmers can’t escape the blame. [switzer.com.au]
Sectors dig in to weather nation's job market slowdown [www.perthnow.com.au]
Canada sheds 68,000 jobs, unemployment rate up to 6. 5% in September - Daily Commercial News [canada.constructconnect.com]
The RBA is on a jobs and inflation tightrope [thenightly.com.au]
Australia’s spring housing market stalls as sales slump and selling times blow out to more than five weeks [propertyupdate.com.au]
Salaries of top RBA bosses revealed [www.perthnow.com.au]
Australians are still spending – but where they shop is changing [insideretail.com.au]
Unemployment in Australia hits a five-year high of 4. 7%, making a rates hike less likely [eveningreport.nz]
Banks chase mortgage refinancers as door closes on sub-6pc deals [stockhead.com.au]
悉尼房市持續降溫 少數公寓城區季度漲幅達19% | 大紀元 [www.epochtimes.com]
Australia Loses 39. 3K Jobs, Sending RBA Hike Odds Lower as Labour Market Cools [www.actionforex.com]
National and Youth unemployment at five-year highs - Liberal Party of Australia [www.liberal.org.au]
AUD lower: Australian jobs fall 39,300 in September, unemployment at five-year high of 4. 7% [investinglive.com]
Record 11. 5 million Australians now investing as ETFs, crypto and AI reshape portfolios [www.proactiveinvestors.com.au]
Bradfield booms: Investment in new city continues • The Western Weekender [www.westernweekender.com.au]
Reserve Bank chief Michele Bullock’s base salary passes $1m [thewest.com.au]
NSW unemployment rate: Jobless figures hit five-year high as economic headwinds impact state [www.theage.com.au]