The recovery in the labour market has continued to impress post the re-opening in October. The Australian economy added +64.8k jobs in December on top of the 366k jobs created in November. The seasonally adjusted unemployment rate fell to 4.2% from 4.6%, its lowest level since pre the Global Financial Crisis, August 2008. Headline consumer prices for the December quarter rose by 1.3%, higher than the 1% expected by economists taking the annual inflation rate to 3.5%. The trimmed mean or core inflation (the RBA’s preferred inflation gauge) rose by 1%, taking the annual rate to 2.6%. Notably, the annual rate of core ... (full story)