The RBA May Have More To Do - If You Believe The Employment Numbers!

Australian employment came in much stronger than expected in October while the jobless rate edged higher as more people sought work, suggesting the RBA may have more to do to cool demand and inflation. As Warren Hogan said: The RBA released updated economic forecasts less than a week ago which were finalised on 7 November – 9 days ago. They forecast employment growth in Dec 2023 of 2.5%. After todays labour force numbers they need employment to fall by 10k in each of November and December to achieve this. If you use quarter average YoY then you need an even […]