Sonam Capital’s Post

The national unemployment rate remains in extraordinarily low territory, despite ticking up from 3.7% in February to 3.8% in March, according to the Australian Bureau of Statistics. The unemployment rate has had a ‘3’ in front of it every month since June 2022, apart from January when it climbed to 4.1%. When the Reserve Bank of Australia (RBA) started increasing the cash rate in May 2022, some economists assumed that would lead to a sharp rise in unemployment, because the RBA’s interest rate rises were designed to slow the economy (and thereby reduce inflation). Surprisingly, though, unemployment is lower now than it was then (4.0%). This strong employment market is a mixed blessing. On the one hand, it's great news that so many Australians have jobs. On the other hand, the Reserve Bank might be wary of reducing the cash rate anytime soon, in case it adds too much heat to the economy and puts upward pressure on inflation. Please feel free to reach out to us. You can book a 15 minute call with Luke here https://bit.ly/49qG9ll #economy #jobs #money

𝐉𝐨𝐛𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐬𝐭𝐫𝐨𝐧𝐠 𝐫𝐮𝐧 The national unemployment rate remains in extraordinarily low territory, despite ticking up from 3.7% in February to 3.8% in March, according to the Australian Bureau of Statistics. The unemployment rate has had a ‘3’ in front of it every month since June 2022, apart from January when it climbed to 4.1%. When the Reserve Bank of #Australia (RBA) started increasing the cash rate in May 2022, some economists assumed that would lead to a sharp rise in unemployment, because the RBA’s interest rate rises were designed to slow the #economy (and thereby reduce inflation). Surprisingly, though, unemployment is lower now than it was then (4.0%). This strong employment market is a mixed blessing. On the one hand, it's great news that so many Australians have jobs. On the other hand, the Reserve Bank might be wary of reducing the cash rate anytime soon, in case it adds too much heat to the economy and puts upward pressure on inflation. #economy #jobs #money

Jobs market continues strong run 💪🏃 The national unemployment rate remains in extraordinarily low territory, despite ticking up from 3.7% in February to 3.8% in March, according to the Australian Bureau of Statistics. The unemployment rate has had a ‘3’ in front of it every month since June 2022, apart from January when it climbed to 4.1%. When the Reserve Bank of Australia (RBA) started increasing the cash rate in May 2022, some economists assumed that would lead to a sharp rise in unemployment, because the RBA’s interest rate rises were designed to slow the economy (and thereby reduce inflation). Surprisingly, though, unemployment is lower now than it was then (4.0%). This strong employment market is a mixed blessing. On the one hand, it's great news that so many Australians have jobs. On the other hand, the Reserve Bank might be wary of reducing the cash rate anytime soon, in case it adds too much heat to the economy and puts upward pressure on inflation. #economy #jobs #money #realestateaccountants

Jobs market continues strong run The national unemployment rate remains in extraordinarily low territory, despite ticking up from 3.7% in February to 3.8% in March, according to the Australian Bureau of Statistics. The unemployment rate has had a ‘3’ in front of it every month since June 2022, apart from January when it climbed to 4.1%. When the Reserve Bank of Australia (RBA) started increasing the cash rate in May 2022, some economists assumed that would lead to a sharp rise in unemployment, because the RBA’s interest rate rises were designed to slow the economy (and thereby reduce inflation). Surprisingly, though, unemployment is lower now than it was then (4.0%). This strong employment market is a mixed blessing. On the one hand, it's great news that so many Australians have jobs. On the other hand, the Reserve Bank might be wary of reducing the cash rate anytime soon, in case it adds too much heat to the economy and puts upward pressure on inflation. #inflation #australianjobs #rba #monetarypolicy #australianrealestate #australianproperty #sydneypropertymarket #buyersagentsydney

📊👷♂️ Australian Unemployment on the Rise to 3.9% - A Strategy in Motion? Australia's #unemployment rate has ticked up again, marking the second month of increase - from 3.8% in October to 3.9% in November. This shift could indicate the Reserve Bank of Australia's measures to temper the economy and curb inflation are taking effect. This rise in unemployment, noted by the Australian Bureau of Statistics, aligns with the #RBA's focus on economic indicators, particularly the job market. Should this trend suggest an ongoing economic cooldown, the Reserve Bank might pause its rate hikes, aiming to balance the inflation equation. #UnemploymentRate #AustralianEconomy #ReserveBankStrategy #EconomicTrends 📈💼🇦🇺

Australia's unemployment rate increased slightly to 4.1% in June from 4% in May, despite the addition of 50,000 jobs, according to the Australian Bureau of Statistics (ABS). ABS spokesperson Bjorn Jarvis said the rise in unemployment was primarily due to a small increase in the number of Australians either working or actively seeking work. "The participation rate in June was only 0.1 percentage point lower than the historical high of 67.0% in November 2023," he said (see image). "The employment-to-population ratio rose by 0.1 percentage point to 64.2%, which was also close to its historical high of 64.4% in November 2023.” These labour statistics, along with the June quarter inflation data, will be key topics of discussion for the Reserve Bank of Australia's upcoming meeting on 5-6 August, where they will decide on the official interest rate. If you’re interested in buying property in Sydney, contact me on benhawley@azurafinancial.com.au or 0413 766 888. #economy #unemployment #interestrates

Jobs market continues strong run The national unemployment rate remains in extraordinarily low territory, despite ticking up from 3.7% in February to 3.8% in March, according to the Australian Bureau of Statistics. The unemployment rate has had a ‘3’ in front of it every month since June 2022, apart from January when it climbed to 4.1%. When the Reserve Bank of Australia (RBA) started increasing the cash rate in May 2022, some economists assumed that would lead to a sharp rise in unemployment, because the RBA’s interest rate rises were designed to slow the economy (and thereby reduce inflation). Surprisingly, though, unemployment is lower now than it was then (4.0%). This strong employment market is a mixed blessing. On the one hand, it's great news that so many Australians have jobs. On the other hand, the Reserve Bank might be wary of reducing the cash rate anytime soon, in case it adds too much heat to the economy and puts upward pressure on inflation. The message is still loud and clear, do not spend or we will take away your disposable income! #economy #jobs #money

#Jobs market continues strong run. The national #unemployment rate remains in extraordinarily low territory, despite ticking up from 3.7% in February to 3.8% in March, according to the Australian Bureau of Statistics. The unemployment rate has had a ‘3’ in front of it every month since June 2022, apart from January when it climbed to 4.1%. When the Reserve Bank of Australia (RBA) started increasing the cash rate in May 2022, some economists assumed that would lead to a sharp rise in unemployment, because the RBA’s interest rate rises were designed to slow the #economy (and thereby reduce inflation). Surprisingly, though, unemployment is lower now than it was then (4.0%). This strong #employment market is a mixed blessing. On the one hand, it's great news that so many Australians have jobs. On the other hand, the Reserve Bank might be wary of reducing the #cashrate anytime soon, in case it adds too much heat to the economy and puts upward pressure on #inflation.

Jobs market continues strong run The national unemployment rate remains in extraordinarily low territory, despite ticking up from 3.7% in February to 3.8% in March, according to the Australian Bureau of Statistics. The unemployment rate has had a ‘3’ in front of it every month since June 2022, apart from January when it climbed to 4.1%. When the Reserve Bank of Australia (RBA) started increasing the cash rate in May 2022, some economists assumed that would lead to a sharp rise in unemployment, because the RBA’s interest rate rises were designed to slow the economy (and thereby reduce inflation). Surprisingly, though, unemployment is lower now than it was then (4.0%). This strong employment market is a mixed blessing. On the one hand, it's great news that so many Australians have jobs. On the other hand, the Reserve Bank might be wary of reducing the cash rate anytime soon, in case it adds too much heat to the economy and puts upward pressure on inflation. #economy #jobs #money

Jobs market continues strong run The national unemployment rate remains in extraordinarily low territory, despite ticking up from 3.7% in February to 3.8% in March, according to the Australian Bureau of Statistics. The unemployment rate has had a ‘3’ in front of it every month since June 2022, apart from January when it climbed to 4.1%. When the Reserve Bank of Australia (RBA) started increasing the cash rate in May 2022, some economists assumed that would lead to a sharp rise in unemployment, because the RBA’s interest rate rises were designed to slow the economy (and thereby reduce inflation). Surprisingly, though, unemployment is lower now than it was then (4.0%). This strong employment market is a mixed blessing. On the one hand, it's great news that so many Australians have jobs. On the other hand, the Reserve Bank might be wary of reducing the cash rate anytime soon, in case it adds too much heat to the economy and puts upward pressure on inflation. #economy #jobs #money #therentalspecialists