Australian economy data forecasts modest job addition, slight unemployment rate rise, and softened wage growth.
This week's economic data, including the June quarter wage price index and official labour force figures, will inform the outlook for the Australian economy and interest rates. While the Reserve Bank of Australia expects monetary policy to remain on hold till 2025, economists predict a modest job addition and a slight rise in the unemployment rate. Wage growth is anticipated to soften, with the June quarter wage price index expecting pay packets to moderately increase.
August 10, 2024
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