Today's Economic Data is Not Good:
* Unemployment UP to 5.3%
* Underemployment UP to 8.6%
* Underutilization Rate UP to 13.9% (sum of above)
All heading in wrong direction for RBA Governor, Philip Lowe.
* Budget in Phantom Surplus with 2018-19 Fiscal Surplus of just $690m
So, money's on more interest rate cuts, a dose of QE, and...???; all of which are unlikely to reduce above jobs data, increase Real GDP.
Meanwhile, Per Capita Real GDP continues to fall.
https://www.bloomberg.com/news/articles/2019-09-19/australian-jobless-rate-rises-as-workforce-swells-to-new-record?srnd=premium-asia
- Forums
- Economics
- Storm Of Negative Interest Rates Looms, 25 Million Aussies Left Without Umbrellas!
Today's Economic Data is Not Good:* Unemployment UP to 5.3%*...
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online