Tag Archives: Unemployment
As it happened: Unemployment rate holds steady; Pressure on RBA after US cuts interest rates
Top Stories Tamfitronics Key posts1 of 4What we covered todayBy Lachlan AbbottThanks for reading the national news blog. This is where we’ll end today’s coverage.To conclude, here’s a look back at the day’s major stories:The world’s most important central bank, the US Federal Reserve, has cut its key interest rate by half a percentage point, jolting financial and commodity markets while putting pressure on Australia’s Reserve Bank to bring forward its own plans for rate relief.Foreign Minister Penny Wong has expressed regret that Australia was unable to vote for a United Nations resolution calling on Israel to withdraw from the West Bank and Gaza within a year, saying the nation’s diplomats had tried and failed to redraft the motion to make it less contentious.The Australian unemployment rate remained steady at 4.2 per cent in August...
