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Labour Market Is Evidence Of Economic Resilience


"The resilience of the economy is evident in the labour market, with the unemployment rate at a 14-year low of 4.2 per cent. Underemployment is also around its lowest level since 2008. Hours worked declined significantly in January due to the Omicron outbreak, but the decline in infection rates and high numbers of job vacancies point to a strong bounce-back over the months ahead. The RBA's central forecast is for the unemployment rate to fall to below 4 per cent later in the year and to remain below 4 per cent next year."

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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