Australian labour market – stronger employment growth in August demonstrates how ineffective monetary policy is

Created
Thu, 14/09/2023 - 12:56
Updated
Thu, 14/09/2023 - 12:56
Today, the Australian Bureau of Statistics released the latest – Labour Force, Australia – for August 2023 today (September 14, 2023). Employment growth was strong in August and kept pace with the underlying population growth and the participation rise so that unemployment remained steady. The weaker result in July was probably mostly reflecting the rotation…