>”Labour hoarding is hampering the RBA’s policy objectives,” he said.
>”We estimate that the unemployment rate would be closer to 5.25 per cent if employment growth had matched the slowdown in hours worked.
Our labour market absorbing the record population growth while the economy and private sector’s stagnant hasn’t added up, there may be credence to this theory given the RBA’s track record.
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>”Labour hoarding is hampering the RBA’s policy objectives,” he said.
>”We estimate that the unemployment rate would be closer to 5.25 per cent if employment growth had matched the slowdown in hours worked.
Our labour market absorbing the record population growth while the economy and private sector’s stagnant hasn’t added up, there may be credence to this theory given the RBA’s track record.