The latest Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) forecast that Australia’s unemployment rate will peak at 4.3% early next year. The federal budget was more pessimistic, forecasting an unemployment rate of 4.5% by June 2025. The latest job ad data suggests that the RBA’s unemployment forecast is too optimistic. On
The post The RBA is too optimistic on unemployment appeared first on MacroBusiness.