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| Name | Why finding a job is getting more difficult | The Business | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 16-11-2023 07:53:58 |
| Video Discription | A rising number of people looking for work pushed unemployment up in October. The jobless rate ticked up to 3.7 per cent, despite the creation of 55,000 jobs. The participation rate is back in record territory. The Reserve Bank will be worried if the jobs market remains this strong in the months ahead as that could prop up inflation. But with 13 interest rate increases so far, there are concerns that one more could tip the economy into a downturn. AMP deputy chief economist Diana Mousina says the risk of recession in 2024 is 40 - 50 per cent. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2023-11-16/employment-october-2023-unemploymentrate/103112514 ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia xXyi0-3yKlc |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | recession | downturn | economic downturn | jobs | employment | unemployment rate | labour | labour market | job losses | jobless rate | participation rate | rates | interest rates | rate hikes | cash rate | rba | reserve bank | inflation | cost of living | david chau | business news | finance | finance news | Australia news | economy | economic news |
