Winners and losers: Beyond the headline jobs number

Wed, 03 Feb 2021

News that the official unemployment rate fell to 4.9 percent in the December quarter is a stunning result for the economy.It is the latest in a long line of unexpectedly good pieces of economic data.No doubt forecasters will be furiously updating their outlook to the upside and another round of more optimistic economic forecasts are sure to be issued in coming days.A negative official cash rate from the Reserve Bank, or even further cuts, look even less likely.But the headline unemployment figure obscures some of the underlying changes that hav...

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