ONLY CHARTS #432
Aus quarterly NAB survey, Aus labour market, Aus dwelling prices, NZ activity
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1. The share of Australian firms reporting that labour availability is a constraint on their output has been little changed for around 2 years despite dipping a little in Q3.
The broad stability in this indicator is in contrast to the recent pick-up in the unemployment rate…
2. …but is more akin to the profile for overall labour underutilisation (unemployment & underemployment).
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