Podcasts Other The Mike Hosking Breakfast John Carran: Economist on record low unemployment, rising salaries and wages

John Carran: Economist on record low unemployment, rising salaries and wages

Published: Feb. 1, 2023, 7:13 p.m.

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Unemployment remains at a record low of 3.4 percent and wages are continuing to rise.

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In the December quarter all salary and wage rates increased 4.1 percent, and in the private sector wages rose 4.3 percent.

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The labour market seems to remain tight, with low employment and high wages adding to cost pressures.

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Investment strategist and economist at Jarden, John Carran, joined Mike Hosking.

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