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Australia’s unemployment rate drops, impacting interest rates

Australia’s unemployment hits 3.9%, challenging rate cut prospects; strong jobs growth influences RBA’s inflation outlook and future rate decisions.

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7 months ago

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Australia’s unemployment rate fell to 3.9% last month, highlighting a robust job market and influencing interest rate forecasts.

The Australian Bureau of Statistics reported an increase of 35,600 jobs, marking the unemployment rate’s first decline below 4% since March.

Economists attribute this growth primarily to expansion in public service and government-funded roles in healthcare and education.

Source: AFR/ABS

Following the job report, Australian shares lost momentum while the local dollar rose by 0.7%, reflecting positive market reactions.

Despite the strong job numbers, Reserve Bank of Australia Governor Michele Bullock indicated a potential cash rate cut from 4.35% as early as February, suggesting confidence in returning inflation to the target range.

New expectations

This shift in the RBA’s stance revives expectations for a pre-election rate cut by the Albanese government, which had seemed unlikely amid solid job data.

NAB’s head of market economics, Tapas Strickland, noted that the employment figures may challenge the RBA’s confidence in its inflation projections.

The current unemployment rate averages 4% this December quarter, below the RBA’s prediction of 4.3%.

Betashares chief economist David Bassanese suggested that the strong employment report diminishes chances for a February rate cut, with May seen as a more likely time for adjustment post-election.

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Mushroom foraging tours face rising insurance costs

Erin Patterson’s murder trial has increased insurance costs for mushroom foraging tours, though insurers deny a direct link.

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44 minutes ago

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July 11, 2025

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Erin Patterson’s murder trial has increased insurance costs for mushroom foraging tours, though insurers deny a direct link.

In Short:
Erin Patterson’s trial for poisoning relatives has raised concerns about rising insurance costs for mushroom foraging tours in Australia, impacting operators like Feresh Pizarro and Natasha Vorogushin. Despite increased premiums, the Insurance Council maintains these changes are not directly related to the trial, highlighting a need for better public education on fungi.

The trial of Erin Patterson, who poisoned three relatives with death cap mushrooms, has affected mushroom foraging tours in Australia.

Operators report rising insurance costs, though the Insurance Council of Australia states these increases are unlikely linked to the trial. Patterson was recently convicted, prompting concerns among tour guides like Feresh Pizarro, who claims her insurance premiums have skyrocketed, threatening her business viability.

She explains the importance of educating the public about fungi, which play significant ecological roles. Similarly, Natasha Vorogushin from Morwell faces challenges obtaining adequate insurance for her foraging workshops, illustrating industry-wide issues.

Insurance costs

Richard Ford, a tour operator in Mount Macedon, also notes high insurance costs looming over his activities. Despite these challenges, the Insurance Council asserts that insurance adjustments often do not arise from perceived risks associated with singular events, such as Patterson’s case.

University of NSW actuarial studies professor Michael Sherris believes that while premiums are rising generally, this specific trial is unlikely to affect the insurance landscape for mushroom foraging.

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Netanyahu nominates Trump for Nobel Peace Prize

US and Israel push for Gaza ceasefire; Netanyahu nominates Trump for Nobel Peace Prize amid renewed peace talks.

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2 hours ago

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July 11, 2025

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US and Israel push for Gaza ceasefire; Netanyahu nominates Trump for Nobel Peace Prize amid renewed peace talks.


The United States and Israel have doubled down on regional stability, with hopes rising for a 60-day Gaza ceasefire and an unexpected diplomatic twist: Prime Minister Netanyahu has nominated Donald Trump for a Nobel Peace Prize.

The two leaders met at the White House, discussing peace talks gaining momentum in Qatar, and reaffirming joint military efforts, including Operation Midnight Hammer, which targeted Iran’s nuclear infrastructure.

#MiddleEastPeace #TrumpNobel #IsraelUS #GazaCeasefire #TickerNews

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Trump takes centre stage in World Cup build-up

US prepares for 2026 FIFA World Cup with $40B impact, 200K jobs; Trump receives 2025 Club World Cup trophy.

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3 hours ago

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July 11, 2025

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US prepares for 2026 FIFA World Cup with $40B impact, 200K jobs; Trump receives 2025 Club World Cup trophy.


The United States is gearing up for the 2026 FIFA World Cup, and it’s more than just a game, $40 billion in economic impact and 200,000 new jobs are on the line.

President Trump received the 2025 FIFA Club World Cup trophy from FIFA boss Gianni Infantino, ahead of the tournament’s final in New York and New Jersey.

The gesture cements Trump’s growing involvement as the U.S. prepares to co-host 104 matches across 16 cities with Canada and Mexico, in what Infantino calls “three Super Bowls a day.”

#FIFA2026 #TrumpWorldCup #USSoccer #ClubWorldCup #TickerNews

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