Australia Labour Force Data Today

• Risk sentiment improved overnight following remarks from the US Treasury Secretary, who indicated the tariff pause with China could be extended if Beijing delays plans to tighten control over rare earth exports.
• Speaking from Washington this morning, RBA Governor Bullock described policy as “marginally tight, but not by much,” noting the economy is broadly balanced, with unemployment near 4.2% still consistent with full employment.
• She said inflation progress has been uneven, describing price pressures as “a little volatile,” and reiterated that the RBA’s job on inflation is not yet done.
• The main domestic focus today will be the September Labour Force report, with markets looking for employment to rise by around 20k and the unemployment rate to hold steady or edge up to 4.3% on rounding.
• Even if the data shows a softer tone, it is unlikely to shift expectations for a November cut, with attention already turning to the Q3 CPI print on 29 October, expected to come in hot