In October 2024, Australia saw a small increase in jobs, adding 15,900 new positions. This brought the total number of people working to about 14.54 million. However, this growth is much slower than in previous months; for example, September gained 61,300 jobs, and August added 45,800 jobs.
The unemployment rate in Australia stayed at 4.1%, the same as in earlier months. However, the participation rate, which measures how many people are either working or looking for work, went down slightly from 67.2% to 67.1%. This suggests that while some more people found jobs, the number of people entering the job market didn't keep up.
Economists have noticed this slowing job growth and are concerned. The Reserve Bank of Australia (RBA) predicts that the unemployment rate might rise to 4.3% by the end of the year due to this trend. Additionally, there was a drop in wage growth, which fell to an annual rate of 3.5% in the September quarter, down from 4.1% earlier in the year.
Overall, while there are more people employed, the rate of job growth is slowing, indicating potential difficulties ahead for Australia’s job market as it adapts to changes in the economy.
Major levels to watch
Resistance- 0.6525
Support-0.64630


Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Thailand Inflation Remains Negative for 10th Straight Month in January 



