Independent economist Warren Hogan has claimed the Reserve Bank is 'very much on edge', after the nation recorded strong employment numbers during May.
Millions of Australians with mortgages will be bracing for the next rates decision, but a senior economist has issued a grave warning following the latest jobs figures, declaring the Reserve Bank is"very much on the edge".Independent economist Warren Hogan has claimed the Reserve Bank is"very much on edge", after the nation recorded strong employment numbers during May.
The unemployment rate for May came in at four per cent, a 0.1 per cent fall from April, continuing the trend of strength in the labour market. Picture: Australian Bureau of Statistics "We've just surged the population by almost a million in two years and we still have unemployment near 50-year lows. Thursday's figures slightly bettered market expectations, which pencilled in a 30,000 increase in jobs, but are unlikely to alarm the RBA given it forecast the unemployment rate to sit at four per cent in June, before rising to 4.2 per cent by the end of the year.
Workers and tourists come back to Sydney's central business district on George street after the shootings at the Lindt coffee shop in Sydney's Martin Place. Sydney Australia. Tuesday 16th December 2014. Picture: Steve Christo/Corbis via Getty Images
RBA Employment-To-Population Ratio ABS Inflation Australian Bureau Of Statistics Labour Market Participation Rate Unemployment Warren Hogan Underemployment Interest Rates
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