Albanese government targets full employment and price stability amid rising interest rates, but unexpected low unemployment confuses observers.
Interest rate rise forecasts are causing concern due to the economy's change in functioning. The Albanese government aims for full employment alongside price stability. This goal reflects in the Reserve Bank review committee's recommendation. Despite rising rates, total employment keeps increasing, and unemployment remains low, causing confusion for those expecting higher unemployment rates.
June 30, 2024
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