Daily Commentary BY THE CURVE TEAM –

Daily Insights: Unemployment Hides Reality

20th of August, 2021

Unemployment Hides Reality

  • Unemployment dropped to 4.6%.
  • Unemployed people fell 40 000, with the participation rate falling from 66.2% to 66%.
  • Employment hardly changed, with a slight rise of 2200 jobs.
  • Hours worked was down 0.2%, with a pronounced 7% fall in NSW.

Central Bank Conundrum

Curve’s Head of Money Markets will be on Ausbiz TV this afternoon at 1:40 looking at the central bank conundrum as delta spreads and what this week’s data tells us about the outlook.

Josh Stewart

Associate - Money Markets