Steady as she goes
The market rose 0.77% this week, in contrast to many of the International exchanges. As at our Friday (their Thursday), the Dow is off 1.9%.
The RBA reported Australia’s seasonally adjusted employment figures for May this week and they all indicated reasonable improvements across the board:
-Unemployment rate decreased to 5.1% (from 5.5%)
-Participation rate increased to 66.2% (from 65.9%)
-Employment increased to 13,125,100.
-Underemployment rate -people working less hours than they need to or working in a job below their skill level suggests- decreased to 7.4% (from 7.8%).