Wages, jobs data early reality check on federal budget strategy - Monday Finance with Peter Ryan

Last week's big-spending federal budget has staked almost all of its hopes for any sustained economic turnaround on slashing the jobless rate and getting wages higher. 

There'll be an update on that mammoth task in the coming days when official data on wages growth and employment are released. 

The data will be critical to the budget's credibility in pitching "jobs and growth" especially with no sign of a return to surplus for a decade.

I speak with economist Warren Hogan who warns the recovery risks stoking inflation which could test the Reserve Bank's commitment to keep interest rates steady until 2024.