The Reserve Bank may yet have to deliver another interest rate cut as signs grow the jobs market is rapidly slowing.
In figures that may rain on recent bounces in business and consumer confidence, the Australian Bureau of Statistics reported unemployment rose last month to hit a four-year high of 5.8 per cent. WA's jobless rate increased to 5 per cent.
Almost 11,000 jobs were lost nationally in August, while in WA the total number of people without work rose 6700.
Since the start of the year full-time job numbers in WA have been static, with total employment down 15,000. If not for a fall in the participation rate, unemployment would be well above 6 per cent.Shane Wright