Strong Australian jobs figures lower expectations of pre-Christmas interest rate cut

Unemployment rate in September was 4.1% - making it unlikely the Reserve Bank will cut interest rates this year

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Australia's economy added far more jobs than expected last month, making it less likely the Reserve Bank of Australia will be opting for an interest rate cut this side of Christmas.

The gains lifted the number of extra jobs since the Albanese government took office to more than 1 million, the treasurer, Jim Chalmers, said.

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