Business Brief: RBA looks for 'wiggle room' in employment rates | Sky News Australia

Deloitte Access Economics director Chris Richardson says markets are keeping a close eye on 'where the Reserve Bank heads next', particularly after last week's jobs figures. Mr Richardson says the RBA is talking 'a lot about the jobs market' and the degree of 'wiggle room' employment rates offer.

According to Australian Bureau of Statistics figures released last week, new jobs created in May exceeded expectations by 16,000, with a total of 42,300 new jobs created. The unemployment rate was the cause for concern, remaining steady at 5.2 per cent. Mr Richardson has told Sky News the 'longtime consensus' was that a full employment would be at a rate of five per cent, however, despite that being the current rate it's not 'generating much in terms of inflation'.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Company in Parliament security upgrade bungle worked on RBA supervaultA company that bungled a $14 million security upgrade at Federal Parliament amid allegations of cocaine use, escorts and debts to Russians was a key builder of one of the world’s most secure facilities. ErykBagshaw Great story! ErykBagshaw I'd be checking for tunnels to the RBA. ErykBagshaw When will this incompetence end? Where are our overpaid Ministers of the Crown? Low intellect wimps.
Source: smh - 🏆 6. / 80 Read more »