Competition for jobs intensifies as RBA prepares for rate decision | The Business | ABC News

Australia's national unemployment rate remained steady in August at 4.2 per cent. 47,500 jobs were added to the economy and the number of unemployed people declined by 10,500.
Reserve Bank officials have recently said Australia's labour market probably needs to "loosen" a bit further before the economy is back into better balance and inflation is under control.
The jobs data comes after the US Federal Reserve cut interest rates by 0.5 percentage points, its first rate cut in four years, to prevent US unemployment rising too much.
But ABS data shows Australia's labour market is still operating very close to recent historical tightness. Jobseekers are reporting intense competition for roles.
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