Australian unemployment falls to 3.9%, with strong job growth and improving consumer confidence.

Australia's job market shows unexpected strength, with unemployment dropping to 3.9% in November and 35,600 new jobs added. Economists predict a slight rise to 4% in December. Despite this, the Reserve Bank of Australia may stay cautious on interest rate cuts due to inflationary pressures. The Australian dollar has weakened against the US dollar, but experts believe this will minimally affect inflation. Consumer confidence is improving with better household incomes and expected interest rate cuts.

2 months ago
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