Original article by Grace Lagan
The Australian Financial Review – Page: 1 & 4 : 23-Sep-26

Australia’s official unemployment rate is currently 4.5 per cent, but Reserve Bank governor Michele Bullock says the central bank still considers the labour market to be "tight". Bullock has expressed her view that an unemployment rate of between 4.5 per cent and five per cent will "probably take enough heat out of the labour market" to ease pressure on inflation. Based on the latest jobs data, an unemployment rate of five per cent would mean that about 83,000 additional people would have to be out of work if the size of the labour force remains the same. Meanwhile, with the RBA’s monetary policy board widely tipped to increase the cash rate next week, Bullock has warned that the central bank’s focus must be on keeping inflation expectations in check.

CORPORATES
RESERVE BANK OF AUSTRALIA