RBA’s Debelle: Unemployment rate is a lot lower than we had anticipated

Remarks by RBA deputy governor, Guy Debelle

  • Expects positive surprises in jobs numbers to continue
  • Still thinks recovery is going to be bumpy and uneven
  • Spare capacity will keep wage pressures subdued

As much as labour market conditions are holding up, for the RBA, this is arguably one of the more important charts to focus on:

Australia

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