Australia & New Zealand Economics

Australia & New Zealand Data Response

15 June, 2017

Australia Labour Market (May)

The much stronger than anticipated rise in employment in May and the fall in the unemployment rate to a four-year low will go some way to quashing growing talk of the chance of another interest rate cut by the RBA later this year. Nonetheless, there still appears to be plenty of spare capacity in the labour market, which will keep wage growth subdued and mean that the RBA probably won’t raise rates until 2019 either.

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