Unemployment hits 5%; economists divided over 2019 outlook

24 January 2019

 

After the surprise fall in Australia’s unemployment rate in September, economists had been expecting some sort of reversal in October. While this expectation was premature, the reversal did come about in November as sampling differences played out. However, the overall trend of a falling unemployment rate remained intact and the Australian economy keeps on producing employment growth. The ABS has now released employment estimates for December. The report indicates the...

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