Category: NAIRU
-
Alan Kohler: Possibly the NAIRU is 3.5 per cent
Australia’s unemployment price fell to three.5 per cent in June 2022 and has roughly stayed there for 12 months. Inflation has not risen, however declined. Within the June quarter of 2022, the Client Worth Index (CPI) elevated 1.8 per cent; on Wednesday we learnt that within the June quarter of this yr it rose 0.8…
-
Michael Pascoe: Speech exhibits RBA clueless on employment
You may depend on the Reserve Financial institution to overlook or downplay a significant factor or two when it strays into what’s really taking place in Australia, as demonstrated on Tuesday by the Deputy Governor in a speech titled Reaching Full Employment. Having lastly achieved full employment for the primary time in half a century,…