More from RBA Debelle: Need unemployment down near 4.5% to lift wages

Author: Greg Michalowski | Category: Central Banks

RBA Deputy Gov. Debelle

The RBA Deputy Gov. Debelle adds:
  • need unemployment down there 4.5% to lift wages
  • need to continued strong employment growth
  • allegations on Westpac anti-money laundering are disturbing and serious
The unemployment rate in October came in at 5.3% versus 5.2% prior. The low level in 2019 bottomed at 4.9%.  The Australia's unemployment rate has not been at 4.5% since November 2008.  
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