Australia: Unemployment picks up pace in April – UOB – by pabspiovano Australia Employment Banks
Key Takeaways
“Overall, year-on-year pay gains were within the range consistent with the Reserve Bank of Australia ’s inflation target. This alongside today’s employment data, reinforce our view of the RBA holding its cash rate at 3.85%. There is, however, some risk to our view, and that the RBA may raise the cash rate one more time this year.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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