Economics
Aussie Unemployment Under 4% to Foster Pay Gains, RBA Paper Says
- In corporate plan, central bank restates bounce back expected
- Economists looked at local labor market for insights on wages
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Australia’s wage growth should accelerate once the jobless rate falls below 4%, according to Reserve Bank research that reviewed the experience of local labor markets across the country over the past 20 years.