-
Focus on jobs as RBA seeks full employment
After a week of expressing the need to get back to full employment, Reserve Bank governor Philip Lowe will soon see how Australia is progressing on that target. June labour force figures are released on Thursday, and at least one economists is predicting the unemployment rate could be sub-five per cent for the first time in a decade. Announcing the central bank's latest interest rate decision, Dr Lowe said he believes full employment will be when the jobless rate is close to four per cent, possibly lower. For the June result, economists' forecasts centre on the unemployment rate being unchanged from May at 5.1 per ... (full story)