The jobs market is stuck in a rut

The labour market figures haven't budged, but the potential for downside risks suggests the Reserve Bank might need to do more to support the rebalancing process.

The labour market didn’t get any worse in November but it also didn’t get any better. The risks to the labour market appear primarily on the downside -- particularly with regards to the mining and automobile industries -- and the Reserve Bank may need to provide greater stimulus to boost domestic demand and support the rebalancing process.


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