Economists say there is no urgency for the Reserve Bank of Australia to deliver a pre-election cash rate cut in February after a bumper jobs report showed the labour market continued to defy expectations of a looming slowdown.

That would leave the central bank’s April meeting as the only point before an election due by May 17 for the RBA to deliver relief to struggling households, narrowing the chance of the Albanese government getting an electoral boost from lower rates.