Population Booms, Again, As Unemployment Falls!

More releases from the ABS today, including the update on employment statistics, as well as Overseas Arrivals and Departures, Australia, and also average weekly earnings. Australia’ jobless rate ticked lower and employment rose, signaling the labor market remains tight and reinforcing the Reserve Bank’s cautious approach to policy easing. There was some reversal of the noise we saw in last months data, but growth in jobs still looks weaker than earlier in the year. Its worth reflecting on what Governor Bullock said in her recent press conference. Jobs data is crucial for the RBA’s rate-setting board as the resilience of […]