The stunning jobs surge over recent months means the Reserve Bank of Australia will not be inclined to rush to lower interest rates in February, and makes a pre-election rate cut less likely than the Albanese government would be hoping.

Governor Michele Bullock and the soon-to-change central bank board can afford to sit pat early in the new year to see how the domestic economy evolves over coming months, and assess the early moves of a likely inflationary US president Donald Trump.