Skip to content

Australia Surprisingly Sheds Jobs, Giving RBA More Flexibility

  • Jobless rate fell as Covid, floods put people off seeking work
  • Full-time roles drove declines, falling by 86,900 positions
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Australian employment unexpectedly dropped in July, giving the Reserve Bank scope for a more flexible approach in its tightening cycle.