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Better jobs, not wages

July 21, 2017 - 10:15 -- Admin

Via UBS: Overall, employment remains very strong & clearly improved in recent months, with 2% y/y the best in over 2 years, ~consistent with positive lead indicators. Unemployment also fell in recent months to a cycle low of 5.6%. This supports the RBA’s ‘positive’ outlook in their minutes. But, the onus is on jobs and

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