RBA's Ellis: Full employment could go even lower than 4.5%
Comments by RBA assistant governor of economic forecasting, Luci Ellis
In other words, there's still quite a lot more that the labour market has to tighten before we see wages pick up in the economy. The latest unemployment rate in Australia was 5.2% as seen last month here. But tomorrow, we'll get the latest reading for May with the expectation of a 5.1% reading amid a steady participation rate of 65.8%.