RBA could delay rate cut after job figures

THERE was good news on unemployment on Thursday, but economists still think the economy will need an interest rate cut by the end of the year.

Australia's unemployment fell to 5.2 per cent in July, from 5.3 per cent the previous month, the Australian Bureau of Statistics said on Thursday.

There was a rise of 14,000 in total employment in July.

The figures were close to expectations - with last week's AAP survey showing that a median of 17 economists thought unemployment would rise to 5.3 per cent but that total employment would increase by 10,000.

Read more: http://www.news.com.au/business/breaking-news/jobless-rate-52-per-cent-in-july/story-e6frfkur-1226446640866#ixzz231kDyuFL