With the latest seasonally adjusted unemployment figure released by the Australian Bureau of Statistics showing 5.2%, there is now (well – for this week at least) speculation that an official rate cut by the Reserve Bank is less likely.

But apart from the potential impact a jobs figure has on inflation figures and their subsequent interpretation by the Reserve Bank, what else does that figure actually tell us about what’s happening here in Australia?

What it does tell us is that if we look at what is actually trending in the job market, the situation is actually quite static.

And for those with mortgages, a static job market may also provide additional evidence that people are exercising more conservative financial behavior so they can knuckle down and try to better manage their situation with what they have.

After all – we’re no longer in the same job market that we were even five years ago before the GFC when many people felt comfortable changing jobs just to chase a bit more money.

Times have since changed – and it’s still very much a moving feast for committed consumers, most of who are keeping their cards very close to their chest indeed.

Similar Posts:

• Competition is an integral part of life
• 401k Rollover
• Invitation to a Mortgage Party
• Will Americans Keep Frugal Habits or Fall Back in Debt When Economy Rebounds?
• Are Businesses Tracking the Unemployment Numbers?