An extra 60,600 Australians found work in May. Here's why wages aren't moving much
- Written by Jeff Borland, Professor of Economics, The University of Melbourne
ShutterstockThe rate of unemployment remained steady at 3.9% between April and May.
That Australia has now managed to keep a rate of unemployment below 4% for three consecutive months is extraordinarily good news.
It gets better. While the unemployment rate didn’t improve, the labour market did, substantially.
The number of Australians in jobs...
Read more: An extra 60,600 Australians found work in May. Here's why wages aren't moving much
