00:02Single mum Rikki Hodge just finished her latest cancer treatment, only to suffer another personal blow, losing her job last
00:10month as a copywriter.
00:12You know, I have a car, like a new car that I have to pay for, and a house and,
00:18you know, insurances, all that sort of stuff.
00:20But landing a job looks to be getting harder. Unemployment rose to 4.6% in August, the highest rate
00:28in almost five years.
00:30That's despite 39,500 more people finding a job.
00:35It's because the participation rate, the proportion of people in work or actively looking for work, rose, and 28,200
00:44extra people joined the jobless queue.
00:47Today we can see that Australia's job market is incredibly resilient.
00:52But maybe too strong for the Reserve Bank, with the Governor, Michelle Bullock, hinting earlier this week the jobless rate
00:59may need to go higher.
01:00I think, you know, between four and a half and five will probably take enough heat out of the labour
01:06market that it'll ease pressure on inflation.
01:09Michelle Bullock's prediction would mean more than 55,000 more workers out of employment.
01:14Today's employment report was the last major bit of data before the Reserve Bank meets next week to decide on
01:21interest rates.
01:22It all but sets the stage for a fourth interest rate hike on Tuesday.
01:27It's pretty obvious that they're still going to essentially increase rates next week.
01:32It's a race against the clock for job seeker Ricky Hodge to find work.
01:36It's-
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