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SBS On the Money: Australia's unemployment rate falls to a near 48 year low

SBS On the Money

English - May 19, 2022 08:32 - 8 minutes - 7.5 MB
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Previous Episode: SBS On the Money: Real wages are falling, so why is the RBA still lifting interest rates?
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Australia's unemployment rate fell to 3.9% in April, the lowest since 1974, but workers are slow to see the benefits through higher wages. SBS Finance Editor Ricardo Gonçalves speaks with HSBC Chief Economist Paul Bloxham for more, plus Angus Geddes from Fat Prophets on why the market took a big tumble today.