Australian labour market strong but RBA warns of 'protracted' downturn in housing market

Reserve Bank says tightening in lending to developers a risk to the economic outlook

Australia’s labour market has experienced stronger than expected employment growth, allowing the unemployment rate to remain at 5%.

It means the economy has met the Reserve Bank’s definition of “full employment” for two months in a row, despite the existence of a large cohort of workers who say they want to be working more hours.

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from The Guardian https://ift.tt/2Fqctel
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