Published: October 18, 2018
Scott Morrison welcomes news as labour market at Reserve Bank’s definition of ‘full employment’
Australia’s unemployment rate is falling faster than anticipated, dropping sharply to 5% last month.
The larger than expected decline in unemployment means the labour market is now meeting the Reserve Bank’s definition of “full employment”, the so-called non-accelerating-inflation rate of unemployment (NAIRU), though economists say it may still not be enough to spark noticeable wage rises.
Continue reading...from The Guardian https://ift.tt/2EqUxzW
via
0 Comments