Equities bomb as investors are reminded of inflation
NAB Morning Call
00:00
Is the Australian Labor Market Lagging?
Unemployment is less than two and a half per cent. The last time unemployment was below four per cent, it was just prior to the global financial crisis. There's no obvious signs there that public sector pay is suddenly going to rocket higher. Public sector wages are still significantly lagging inflation so that will take time to come through. And a muninisy walt appen to post the election.
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