Unemployment of 4.2% is a sign of RBA success, but it might not last. Here’s why
- Written by The Conversation
Today’s news that an extra 47,500 Australians found work in August while the unemployment rate held steady at 4.2% is a sign of success for both the government and Reserve Bank.
It’s a sign of success in dealing with the difficult task of bringing inflation down without too much economic damage.
Then Reserve Bank Governor Philip Lowe,...
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