“Robust” job figures but no fall below 5% “any time soon”

15 August 2019

 

The overall trend of a falling unemployment rate has remained intact from a medium term perspective, although recent employment reports show Australia’s unemployment rate to be stuck a little above 5% in the short term as the participation rate reaches new highs and the population increases. Leading indicators remain soft and economists expect another rate cut from the RBA in 2019 along with more cuts in 2020. The latest Labour...

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