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An extra 60,600 Australians found work in May. Here's why wages aren't moving much

  • Written by Jeff Borland, Professor of Economics, The University of Melbourne
An extra 60,600 Australians found work in May. Here's why wages aren't moving muchShutterstock

The rate of unemployment remained steady at 3.9% between April and May.

That Australia has now managed to keep a rate of unemployment below 4% for three consecutive months is extraordinarily good news.

It gets better. While the unemployment rate didn’t improve, the labour market did, substantially.

The number of Australians in jobs...

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