Why everyone having a job could deliver an even BIGGER rate hike

Making Money Easy

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What a strong unemployment result for June 2022! You're now living in a time when the unemployment rate in Australia is the best it's been since the mid-1970s. As Chief Economist - and friend of the show Jo Masters puts it - there's now 1 vacancy for every unemployed person in Australia. So why are consumers and businesses feeling so glum? The result also has some economists suggesting the RBA needs to hike BIGGER than 0.5% at the August board meeting. Gillian asks BOQ Chief Economist Peter Munckton and St. George Bank Senior Economist Jarek Kowcza if they agree. PLUS - COVID is back on the topic list. How is it impacting business again...and your ability to work? If you want to follow or find out more about the #roamingozwiththebowens road trip - click here.

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