Business
RBA eyes ‘bumpy’ recovery and more stimulus – The Australian Financial Review
RBA deputy governor Guy Debelle says the jobs recovery will be a slow ‘grind’ even if the unemployment rate may not hit a forecast 10 per cent, as he flagged potential new monetary policy stimulus.
“The recovery in the labour market is likely to be bumpy and uneven and we still expect the unemployment rate to rise from here.”
New national business payroll data published on Tuesday shows a 0.4 per cent fall between August 22 and September 5, prompting Goldman Sachs to warn the job recovery was “stalling” and taking some shine off last week’s surprise fall in the unemployment rate to 6.8 per cent.
However, fortnightly payrolls data excludes the self-employed, where the official monthly lab…
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