Latest employment figures suggest the labour market and economy are ‘strong’

REA Group Senior Economist Paul Ryan says the latest employment figures show the economy is still in a good place despite high interest rates. This comes after it was revealed that the unemployment rate has remained steady at 4.2 per cent for the month of August, with roughly more than 47,000 jobs added. “I mean, adding 50,000 jobs – or close to 50,000 jobs – in a month when interest rates remain at levels that we haven’t seen in more than a decade does suggest that the labour market’s strong, the economy’s quite strong,” Mr Ryan told Sky News Australia. “And does start to say that you know inflation’s going to be difficult to get down into the target band, which is the main thing the RBA’s worried about.” In partnership with realestate.com.au