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AUSTRALIA
AUSTRALIA: Ahead of the AU labour market report it is worth remembering that RBA
Deputy Governor Guy Debelle spoke early Tuesday morning, in a speech titled "the
state of the labour market."
- Debelle set out his baseline expectations, noting that he believes that
employment growth will be a little above trend over the next 6 months. Debelle
also pointed to the vacancy rate, which he identified as high, relative to the
current size of the labour force.
- On future dynamics of the labour market, Debelle suggested that unemployment
may fall further than it has done in previous instances before wages pick up.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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