Australia's unemployment rate rose to 4.7% in September, with August revised up to the same level, above a 4.6% consensus. ABS data showed employment unexpectedly fell 39.3k in September and participation dropped to 66.8%, indicating a cooling labour market. Traders trimmed the probability of a Reserve Bank of Australia hike in November from about 35% earlier to below 20%; December hike odds fell from roughly 60% to about 40%.

2026-10-15

Australia's unemployment rate rose to 4.7% in September, with August revised up to the same level, above a 4.6% consensus. ABS data showed employment unexpectedly fell 39.3k in September and participation dropped to 66.8%, indicating a cooling labour market. Traders trimmed the probability of a Reserve Bank of Australia hike in November from about 35% earlier to below 20%; December hike odds fell from roughly 60% to about 40%.