Recently released labour force figures have increased hopes for an interest rate cut in the second half of 2024.
New data from the ABS shows the unemployment rate remained at 3.9 per cent in December.
However, the participation rate shrunk to its lowest since May.
The figures across the past three months suggest the jobs market and the economy are slowing.
If quarterly inflation figures published at the end of the month fall more than expected, economists say interest rates could come down even earlier.
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