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Vital Signs: Unemployment steady at 4.2%, but it will need to go lower still to lift wages

  • Written by Richard Holden, Professor of Economics, UNSW Sydney
Vital Signs: Unemployment steady at 4.2%, but it will need to go lower still to lift wagesABS/Shutterstock

Thursday brought news that Australia’s official unemployment rate in January remained at a historically low 4.2%. In parliament, Prime Minister Scott Morrision boasted of the nation being on track to achieve a rate “with a 3 in front of it” this year.

It’s entirely possible the unemployment rate will drop...

Read more: Vital Signs: Unemployment steady at 4.2%, but it will need to go lower still to lift wages

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