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The Australian labour market: what to expect from this week’s employment and wages data
The Wage Price Index data is released on Wednesday the 15th of May at 11.30AM (AEST); and employment data is released on Thursday the 16th of May at 11.30AM (AEST). What are the key themes to watch? 1. Employment Growth and the Unemployment Rate The Australian economy has experienced robust jobs growth for several years. The consequence has been an increasingly tight labour market, with the unemployment rate falling at stages this year to as low as 4.9 per cent. Such conditions haven’t been experienced since mid-2011; and is one of the core reasons the RBA remains optimistic about the outlook for the Australian ... (full story)