Australia Adds 10.1K Jobs in October, RBA May Still Cut Rates Before Year-End
The Australian economy added 10,100 workers in October, right in line with economists expectations. The employment change is an important barometer of the Australian economy and seems to have stabilized the previous two months – with positive job growth averaging around 17,000. The RBA, after bringing rates down by 25 basis points, is expected to cut rates again before the year is out. Will the RBA meet the market’s expectation?