Labour market in ‘remarkably tight position’ as wage growth rises

Indonesia Berita Berita

Labour market in ‘remarkably tight position’ as wage growth rises
Indonesia Berita Terbaru,Indonesia Berita utama

The labour market has been in a “remarkably tight position for the better part of eight or nine months now”, according to Oxford Economics Head of Macroeconomic Forecasting Sean Langcake.

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“It’s been hovering around three and a half unemployment rate,” Mr Langcake told Sky News Business Editor Ross Greenwood.

“We’re at a point with the labour market where it’s generating wage growth that’s faster than what will generate an inflationary consistent with the RBA’S target.

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