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Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Probable Further Decline of Unemployment Rate, says RBA

November, 20 2018
watermark Economic news

The Australian unemployment has a chance for a further decline from the current year low of 6.5 without raising the pressure to increase wages, according to the head of the nation’s central bank on Tuesday.

The Reserve Bank of Australia’s Governor Philip Lowe mentioned that despite the jobless rate ranges between the two largest states of New South Wales and Victoria with 4.4 and 4.6 percent, there is not enough momentum to raise the annual wage growth.

The unemployment rate was recorded to be 5.0 percent with annual wage growth of 2.3 percent. There is a chance to reach the 4.5 percent unemployment without augmenting the wage growth “too much”, he added.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.