Australia’s Job Market Shows Signs of Cooling as Rate Hikes Bite

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(Bloomberg) -- Australia’s tight job market is showing signs of losing steam as 11-year high borrowing costs weigh on labor demand, a trend that if sustained...

-- Australia’s tight job market is showing signs of losing steam as 11-year high borrowing costs weigh on labor demand, a trend that if sustained could drive up unemployment and forestall further policy tightening.Israel Latest: Israel at Risk of Moody’s Debt Rating Downgrade

New Governor Michele Bullock said in June, when she was still the the deputy, that the jobless rate must climb to around 4.5% for inflation to return to target. The monthly pace of growth in full‑time roles, in trend terms, declined by 1,000 positions in September, while part‑time roles surged by 24,000, Thursday’s report from the statistics bureau showed.

The participation rate, at 66.7% in September, is at its lowest level since February, suggesting fewer people are looking for work. Had that not been the case, Australia’s jobless rate would have jumped last month, economists said. The former MI6 agent Christopher Steele had a friendship with Ivanka Trump that enraged her father when he found out, Steele said in court Tuesday.New York Times reporter Maggie Haberman told CNN’s Dana Bash on Thursday that Trump insiders don't know what to make of the agreement.The former president faces potentially "devastating" consequences now that Powell is free to rat on him, Elie Honig said.

Captured Hamas weapons hint that if Israeli forces invade Gaza, they could face a deadly improvised bomb that US troops feared in IraqJonathan Ernst/ReutersSpecial counsel Jack Smith has withdrawn a subpoena seeking records from Save America, the political action committee aligned with former President Donald Trump, The Washington Post reported late Tuesday.

 

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