Opinion Don’t be fooled: Good economic stories often sound like bad news
My grandma had a favourite saying which she cross-stitched into a sign which hung on the wall of her bathroom. I have a replica copy which hangs above my kettle in my kitchen.
As a proportion of the total labour force, the number of Australians who are currently looking for, available for, but unable to find work now stands at 3.5 per cent – the lowest since August 1974. Why? Well, partly, I suspect because it’s far too soon for a newly elected federal government to claim much credit for this historic achievement.But largely, it’s because every armchair economist can see that a sizzling hot jobs market and economy means borrowers will likely be hit with higher interest costs sooner than anticipated.at play.
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