Her comments come as Australia’s unemployment rate today came in at 3.5 per cent which was lower than economists expected.
“The participation rate is off its highs – the unemployment rate has clearly reached a bottom,” Ms Mousina told Sky News Business Editor Ross Greenwood. “The … looking indicators of jobs growth are things like the NAB, Business Survey, and also some of the Indeed job vacancies – they’re all pointing down.
“The pace of jobs growth is likely to slow – it doesn’t mean the unemployment rate will go up in a straight line, but the best boom times for the labour market are over.
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Well we won’t need immigrants to take housing away then?