NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Today Alan Oster, NAB Group Chief Economist, discusses the latest RBA minutes, growth prospects amid Australian lockdowns and the broader global growth outlook.
Listen to the full podcast now. If listening on a mobile device, click listen in browser.
The August employment data showed the unemployment rate ticked down to 4.2%, as widely expected, but payrolls growth has slowed and a trend rise in the unemployment rate is still intact.
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Consumer spending, according to NAB’s transaction data, went up 0.5% in both retail and total spending after being broadly flat last month.
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