The ABC's Peter Ryan analyses the unexpected fall in the official jobless rate. According to the ABS, the estimate for December unemployment fell to 6.1 percent with 37,400 new full time jobs created. The surprise outcome saw the Australian dollar surge and puts new doubts on predictions that the Reserve Bank will cut the cash rate this year.
Thursday, January 15, 2015
Surprise fall in official jobless rate casts doubt on rate cut talk; Australian dollar surges
The ABC's Peter Ryan analyses the unexpected fall in the official jobless rate. According to the ABS, the estimate for December unemployment fell to 6.1 percent with 37,400 new full time jobs created. The surprise outcome saw the Australian dollar surge and puts new doubts on predictions that the Reserve Bank will cut the cash rate this year.
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