Scotty ,
Where are you getting the " unexpected 12 year high " . It was announced last year that unemployment was going to trend higher later this year before coming back down .
" Employment growth is expected to be below trend at 1 per cent through the year to the June quarter 2014, before rising to 1½ per cent through the year to the June quarter 2015 in line with gradually improving economic conditions. The unemployment rate is expected to increase from 5.6 per cent in the June quarter 2013 to 6¼ per cent in the June quarter 2014, and stabilise at that rate through to the June quarter 2015. Inflation is expected to ease and remain contained over the forecast period, reflecting ongoing spare capacity in the labour market and subdued wage growth. "
Source : http://www.treasury.gov.au/PublicationsAndMedia/Publications/2013/PEFO-2013/Report/Economic-Outlook
Who is fixing their interest rate?, page-58
-
- There are more pages in this discussion • 33 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)