Jobs, Jobs, Jobs, Means More Rate Hikes Incoming!

Mortgage Holders should brace for more hikes in the cash rate this year as today we got the latest data from the ABS relating to the Labour market, though perhaps savers can rejoice! There was no change in the seasonally adjusted unemployment rate which remained at 4.1 per cent in January, while the trend measure fell from 4.2% to 4.1%. The latest data showed about 18,000 people found work in December, slightly undershooting the gain of 20,000 economists had expected. This is because full-time employment rose by 50,000 people, which partly offset by a fall of 33,000 people in part-time […]