5.8% Unemployment – Could it go lower?

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 second half of this year, which is…..