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As seems to be a consistent theme recently, economists were surprised at the Jobless rate that came out today at 4.2%.From Todays AustralianThe next survey will be interesting when the full affects of the OMICRON outbreak are seen.Mind you, according to Trading Economics there were a smidgin under 400,000 job vacancies at the start of January.So, one might see a continuing tightening of the labour market, which will surely put pressure on the wages expectations.The unions are already starting to flex their muscles partly to get pay rises for their members, and partly to make the Feds look even more inept as we head to the elction.Mick
As seems to be a consistent theme recently, economists were surprised at the Jobless rate that came out today at 4.2%.
From Todays Australian
The next survey will be interesting when the full affects of the OMICRON outbreak are seen.
Mind you, according to Trading Economics there were a smidgin under 400,000 job vacancies at the start of January.
So, one might see a continuing tightening of the labour market, which will surely put pressure on the wages expectations.
The unions are already starting to flex their muscles partly to get pay rises for their members, and partly to make the Feds look even more inept as we head to the elction.
Mick
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