Surprise underemployment kills August rate cut

18 July 2019

 

The overall trend of a falling unemployment rate has remained intact, even as recent employment reports indicated employment creation has been barely keeping up with the flow of new workforce entrants. The participation rate is at an all-time high and the underemployment rate may be beginning to trend lower. However, leading indicators have been soft and economists expect another rate cut from the RBA. The latest Labour force figures have...

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