Women’s ability to step into the labour market in such large numbers is partly a reflection of the skills and expertise they have to offer, which are currently in high demand.
A forecast of a further six 25bp rises over the rest of the year will add to the pressure facing the RBA Board to raise Australia’s cash rate sooner rather than later.
Despite Omicron surging through the community during the summer holiday period Australia’s unemployment rate was maintained at a near-record low of 4.2 percent.
To some degree, this month’s figures represent a blip – the payroll data released yesterday by the ABS shows this hike in the unemployment rate will be temporary.
