While RBA looks for unemployment to fall, jobs market has other ideas

ABC | Jul 13, 2019 at 7:33 PM
  • The Reserve Bank hammered an ambitious stake in the ground when it indicated that it was after an unemployment rate of 4.5 per cent.
  • For “cyclical” industries — construction, manufacturing, retail, finance, recreation, mining and the like — jobs growth is a far more modest 1.9 per cent.
  • Second-quarter GDP will be released, along with the usual monthly data dump of retail sales, industrial production and infrastructure investment.