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The Times Australia
Business and Money

4.6% unemployment rate hints at what's possible, but it's not the real thing

  • Written by: Richard Holden, Professor of Economics, UNSW

This week provided a first tiny glimpse into the labour-market fallout from Australia’s recent lockdowns.

Australian Bureau of Statistics published the wage price index for the June quarter yesterday, showing sluggish wages growth, below forecasts. The labour force figures for July, out today, is an impressive 4.6%, but tempered by the...

Read more: 4.6% unemployment rate hints at what's possible, but it's not the real thing

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