Labour market in ‘remarkably tight position’ as wage growth rises #Labour #market #remarkably #tight #position #wage #growth #rises #englishheadline


The labour market has been in a “remarkably tight position for the better part of eight or nine months now”, according to Oxford Economics Head of Macroeconomic Forecasting Sean Langcake.

“It’s been hovering around three and a half unemployment rate,” Mr Langcake told Englishheadline Business Editor Ross Greenwood.

“We’re at a point with the labour market where it’s generating wage growth that’s faster than what will generate an inflationary consistent with the RBA’S target.

“The missing piece in that puzzle of course is where productivity growth is.”

English Headline

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