Weekend Economist: Figures of fiction

When assessing the RBA's outlook for a rate hike, investors should treat the latest jobs numbers with a healthy amount of scepticism.

Last week we saw two key barometers of the Australian economy – consumer sentiment and the monthly jobs report. One was surprisingly weak while the other was astoundingly strong – we are inclined to believe the former even if it is our own series. However there is no reason for us to change our view.

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