Unemployment hits five-year high
SBS News In DepthPlay episode
Show notes
Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move.
Australia’s unemployment rate rose to 4.7 per cent in September, its highest level since October 2021. Blair Chapman, chief economist at Seek, discusses the state of the jobs market, hiring trends, salaries and what the figures could mean for interest rates. The Australian sharemarket fell 0.1 per cent, with technology and mining stocks under pressure. Ben Clark, portfolio manager at TMS Private Wealth, joins SBS Finance Editor Ricardo Gonçalves to discuss the market, the Australian dollar and investment opportunities.
In this episode
What the rise in unemployment says about the jobs market and hiring trendsHow the jobs figures could affect the RBA’s next interest rate decisionWhat Seek’s Advertised Salary Index suggests about payWhy technology and mining stocks fell, and what investors are watching
