Vital Signs: wages growth desultory, unemployment stunning

Written by The Conversation

The key narrative in Josh Frydenberg’s 2021 budget was the need to use more aggressive fiscal policy to drive unemployment down and wages up.

Two key pieces of data this week indicate how things are tracking.

On Wednesday the Australian Bureau of Statistics published wages data. The Wage Price Index grew 0.6% for the March quarter, or 1.5%...

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