Thursday, May 10, 2012

employment v rates cut conundrum

National employment numbers today have surprised on the upside, coming so soon after the RBA cut rates by 50 bps. I have never known such confusion and dichotomous debate on the state of the economy. Regional numbers are released next week. A couple of graphs on unemployment: Peter Martin on trend employment by State for year to April. Australia v USA unemployment since 1978


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