The last time full-time average earnings grew by such a pathetically low amount the unemployment rate was 10.8%
Employment may be growing stronger than it has for a number of years but people feel neither confidence in the economy nor joy at the news about employment growth. It’s hardly a surprise: wages and household income are growing at levels that would normally be associated with a recession.
Related: Australia’s economy: is the lucky country running out of luck?
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Source: The Guardian Circular Economy RSS