Wages are continuing to rise -- as unemployment continues to fall
Wages are continuing to rise -- as unemployment continues to fall
1 February 2023
New labour market statistics -- due out in the coming hour -- are expected to show unemployment remains historically low.
Some economists believe the unemployment rate could drop further, to an all new record low.
Westpac Acting Chief Economist Michael Gordon believes the figures are also likely to show wages are continuing to rise sharply, driving inflation.
He says some measures suggest wage growth has already reached its highest level in decades.
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