Rate cuts expected despite January jobs growth

21 February 2019

 

The overall trend of a falling unemployment rate remains intact as the Australian economy keeps on producing new jobs. However, as the population increases at a brisk pace, the unemployment rate has not been reduced quickly, although it has managed to fall from 5.60% to 5.0% over the 12 months to December 2018.  Economists are not unanimous this process will continue.  The ABS has now released employment estimates for January....

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