We are resending the Australia & New Zealand Weekly due to an error in the previous email. We apologise for any inconvenience.
The August labour force release provided little justification for the RBA to renege on its pledge to keep interest rates unchanged at least until the end of the year. Not only is employment growth on track to overshoot the RBA's forecasts, but the underemployment rate has fallen a little recently and the decline in job vacancies is far less advanced than in other major economies.
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