While the unemployment rate edged down in May, the underutilisation rate held steady suggesting that there is still plenty of slack in the labour market. And in his speech yesterday, Governor Philip Lowe suggested the RBA is increasingly focusing on overall slack and not just the unemployment rate.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services