AMP Deputy Chief Economist Diana Mousina says there are “conflicting signals” in the labour force data.
Australia’s unemployment rate rises 0.1 per cent in June to 4.1 per cent, despite 50,000 jobs being created in the month.
“It was a pretty confusing jobs report, even for an economist to understand,” Ms Mousina told Sky News Business Editor Edward Boyd.
“We’re getting a lot of conflicting signals in the labour force data.
“The best way to read through all those pluses and minuses is just to look at the unemployment rate because the unemployment rate is really the key guide to what’s going on when you take all those things into account.”
