the podcast on
A warning of more tough times and job losses ahead.听
Latest data due out this morning is expected to show the unemployment rate has reached 4.7%, up from 4.3% in the previous quarter.听
A higher unemployment rate will give the Reserve Bank more confidence to cut the Official Cash Rate.听
But Westpac senior economist Michael Gordon told Mike Hosking what is certain is more people will be finding themselves out of work sooner or later.听
He says whatever today's number is, unemployment is likely to peak at 5.5% in the current cycle.听
LISTEN ABOVE听
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
