Judo Bank Economic Advisor Warren Hogan says the unemployment rate falling from 3.5 per cent to 3.4 per cent highlights “how tight the labour market is”. He also said it shows how much demand for staff there is “in all organisations across Australia”. “Really, the 40,000-odd fall in employment probably is just a bit of payback after the strength we’ve had so far this year so I wouldn’t read too much into it.”
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