【环球财经】2025年8月澳大利亚失业率维持在4.2% 劳动力市场再次走弱

Core Insights - Australia's unemployment rate remained unchanged at 4.2% in August 2025, indicating a weaker labor market as employment growth fell below expectations [1][2] - The total number of employed individuals decreased by 5,400 month-on-month, with a year-on-year growth of approximately 1.5%, totaling 14.6265 million [1] - The number of unemployed individuals decreased by about 0.1% month-on-month but increased by approximately 4.5% year-on-year, reaching 647,400 [1] Employment Data Summary - Seasonally adjusted employment figures showed a month-on-month decrease in working hours by 0.4%, while the underemployment rate fell by 0.1 percentage points to 5.7% [1] - Trend data indicated an increase in the unemployment rate to 4.3%, with a month-on-month employment growth of about 0.1% and a year-on-year growth of 1.7%, totaling 14.643 million [1] - The number of unemployed individuals increased by approximately 0.6% month-on-month and by 6.5% year-on-year, totaling 652,300 [1] Economic Analysis - The average annual growth rate of employment over the past three months was 1.8%, down from 2.2% in May and 2.5% in February, suggesting a gradual weakening of the labor market [2] - The current employment growth rate is below the labor force population growth rate of 2%, with the employment-to-population ratio declining from a peak of 64.4% in January to 64% in August [2] - The Reserve Bank of Australia is expected to consider these trends but may not make immediate changes to monetary policy due to the volatility of monthly data [2] Future Projections - Westpac Bank anticipates that the Reserve Bank of Australia will likely lower interest rates in November, with a further reduction of 50 basis points expected in 2026 [3]