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Labor market going nowhere
Summary The latest JOLTS report furthered the notion that the labor market is merely running in place. Openings were little changed in August, keeping the vacancy rate at a cycle low of 4.3% and the number of openings just below the number of unemployed workers. With hiring demand still tepid, more
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RBA’s Bullock: Components of monthly CPI little higher than expected, inflation not running away
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at a press conference following the announcement of the September monetary policy decision on Tuesday. Earlier this Tuesday, the RBA held the benchmark interest rate steady at 3.6%, as widely expected. Key quotes Board sees risks a
