Labour Market and the Economy
Although growth in relation to the Australian economy is increasing, this month labour market conditions were weaker than expected, and expectations were that the labour market was already weak. The housing market is a problem, as is the fact that one third of borrowers who don’t have a month’s mortgage buffer as well as the issue of interest only loans which are the majority of loan types. Underemployment is high and there is a push to part time employment rather than full time. There is also the issue of wages not increasing. Myles- Houlbrook Walk was joined by another friend of the Daily, Tim Harcourt to discuss more.
