Thursday, April 13, 2023

Resilient jobs market stokes May rate rise risk as unemployment stays at 50 year low of 3.5pc

Australia's jobs market is continuing to run hot despite the impact of ten consecutive interest rate rises. 

Official figures show that rather than ticking higher to 3.6pc in March, the unemployment rate remained steady at the 50 year low of 3.5pc. 

With the labour force still strong, what will this do to the Reserve Bank's hopes to maintain it's interest rates "pause"? 

Here's my analysis on The World Today

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