Jobs
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
This article is for subscribers only.
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.