We’ve ‘probably seen the maximum’ lows in the unemployment rate #Weve #maximum #lows #unemployment #rate #englishheadline


The unemployment rate has increased to 3.7 percent for April however there is “nothing” which “signals any real alarm”, says RBC Capital Markets Chief Economist Su-Lin Ong.

“At the end of the day the labour market’s really strong,” Ms Ong told Englishheadline Business Editor Ross Greenwood.

“But what we would say is, we’ve probably seen maximum tightness – we’ve probably seen the lows in the unemployment rate, we don’t expect it to dip below 3.5 per cent.

“Probably further into the second half of this year is when it starts to creep up on a more sustained basis towards 4 per cent.”

English Headline

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