Daily Archives August 8, 2009

5.8% unemployment. Once again, the labour market data in Australia shows a remarkably robust labour market, with seasonally adjusted unemployment stable in July at 5.8%. ANZ CEO Mike Smith last night stated that he saw unemployment here stabilising at 6%, which would be remarkable. The problem is that that would require a fair pick up in the economy in the…

Executive Director of the Lowy Institute, Michael Wesley, gave a short presentation in Melbourne, with the broad theme being that coming years are likely to see Australia facing the most challenging global environment in our history. Read on at CoreEcon.. Australia's next great challenge?.

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