WEEKEND ECONOMIST: Jobs today, GDP tomorrow

The strength in the labour market is a strong indicator of current economic conditions. With interest rates on hold and more full-time workers cashed up to spend, retailers can have hope.

In a week of mixed data, jobs were the winner, driving expectations for upwardly revised GDP growth.

The TD–Melbourne Institute inflation gauge rose 0.4 per cent in November after a 0.3 per cent rise previously and 0.1 per cent rise prior to that, its 13th consecutive rise and the strongest since May.

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