June 17, 2021 at 04:29AM
Australia’s ‘stunning’ jobs report, wage pressure ‘will only grow’
A snippet via Westpac on the jobs report.
WPAC’s note is detailed, I pulled out mainly their comments on the potential for wage growth ahead:
The point about wage growth (which, up to now has been very slow) is that the RBA wants it at around 3 to 3.5% to help drive inflation towards the Bank’s target.