Unemployment steady at 4.2%, but it will need to go lower still to lift wages
- Written by: Richard Holden, Professor of Economics, UNSW Sydney
ABS/ShutterstockThursday brought news that Australia’s official unemployment rate in January remained at a historically low 4.2%. In parliament, Prime Minister Scott Morrision boasted of the nation being on track to achieve a rate “with a 3 in front of it” this year.
It’s entirely possible the unemployment rate will drop...
Read more: Unemployment steady at 4.2%, but it will need to go lower still to lift wages
