"Michele Bullock said she thought an unemployment rate of somewhere between 4.5 and 5 per cent would "take enough heat out of the labour market" to ease pressure on inflation."
For the millionth time. Get real. The labour market isn't putting pressure on inflation.
www.abc.net.au/news/2026-09...
abc.net.au
Unemployment rate reaches post-COVID era high of 4.6pc in August
Some economists say the increase won't be enough to stop the Reserve Bank lifting interest rates next week.