Australia: Labor market has strong start to Q3
Latest reading: The seasonally adjusted unemployment rate eased to 4.2% in July 2025, slipping from 4.3% in June—the highest level since November 2021—and matching market expectations.
At the same time, employment climbed by 24,500 to a record 14.64 million, just shy of the forecasted 25,000 increase, after June’s modest gain was revised down to 1,000.