The weekly 6-day jobs series is now available up to the week ending 29-August. It suggests little damage from Delta, clearing the path for an RBNZ hike on 6 Oct.
The gross flows data shows that the NSW lockdowns in July were damaging. The longer the lockdown, the greater the damage … so the worst is yet to come.
The June employment report has nicely set up the RBA to cut rates at their August meeting, so long as
In the comments, there are often comments to the effect that the labour under-utilisation rate is a better indicator of
The May labour market report was a little better than I had expected (and the market also): the unemployment rate
The May non-farm payrolls report was broadly as expected: printing at +175k (mkt 163k), with offsetting revisions worth a net