Don’t panic RBA: Low joblessness is a good thing
In some excellent news, the Bureau of Statistics estimates that Australia’s unemployment rate remained at 4.1 per cent in January.
Before we go any further let’s just enjoy the current state of Australia’s labour market.
Let’s say you are turning 67 this year and you look back over the 50 years of your working life, when you started working as a 17-year-old back in February 1976.
In just 44 of the next 600 months of your working life would the unemployment rate would be 4.1 per cent or lower.
And here’s the even more amazing stat – 41 of those 44 months of unemployment at 4.1 per cent or lower were in the past three years.
That is something worth celebrating. It is also something worth fighting to keep. Australia should not accept higher unemployment as being........
