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Jobless rate expected to hold at 5.1 Percent in Q3

We expect the unemployment rate to hold at 5.1%.

Wage inflation pressures are relatively static and expected to remain steady at 1.6% yoy on a labour cost basis.

Continued soft wage inflation will reinforce the need for another rate cut in November.

Economic research - Access trends and financial news | ASB Economic Note Jobless rate expected to hold at 5.1 Percent in Q3