It’s been an incredibly strong unemployment result for June 2022.
We’re now living in a time when the unemployment rate in Australia is the best it has been since the mid-1970s.
As chief economist and friend of the show Jo Masters puts it, there’s now one vacancy for every unemployed person in Australia.
So why are consumers and businesses feeling so glum?
The result also has some economists suggesting the RBA needs to hike bigger than 0.5 per cent at the August board meeting.
PLUS: COVID-19 is back on the topic list. How is it impacting business again – and people’s ability to work?
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