An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers

The GuardianThursday, October 16, 2025 at 6:20:07 AM
An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers
The recent rise in unemployment rates has raised concerns about the stability of Australia's labor market, which has been a key strength for the Labor government. This unexpected shift could lead the Reserve Bank of Australia to consider cutting the cash rate, creating a challenging situation for Treasurer Jim Chalmers. The implications of this data are significant, as it may signal a broader economic trend that could affect jobs and growth in the future.
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