Westpac first note that the January 2018 month records the longest streak of employment gains with a 16th consecutive positive print
January’s update continues the run of positive employment prints and
leading indicators suggest a solid period of employment growth
continuing in the near term, moderating from the brisk pace of 2017.
questions remain for the labour market as to whether changes in
participation will continue to match employment growth, and where the
level of NAIRU sits – the rate that we start to see wage pressures come
Yep … while wage growth was not a part of today’s release, its mvery slow in ozzAustralia (as it seems to be in many places)