Unemployment rate remains steady at 3.9 per cent in December

The unemployment rate in December has remained stable at 3.9 per cent. Sky News Business Reporter Edward Boyd says, “The Reserve Bank and plenty of economists out there are pricing in the unemployment rate to slowly continue rising throughout this year”. “The unemployment rate really went down a lot in November 2022. “Since then it’s gradually bounced around a little bit but slowly been increasing and it is now on a bit of an upward trend.” The figures were released by the Australian Bureau of Statistics at 11:30am on Thursday.