Job ads boom thunders on
Job advertisements powered another 7.9 per cent higher in May, to be some 220 per cent higher than a year earlier.
Following a 12 monthly gain, at a seasonally adjusted 214,000, ads are at the highest level in nearly 13 years.
ANZ doesn't believe that Victoria's 4th state lockdown will derail the recovery, thanks to the underlying strength of the jobs market.
ANZ now expects to see the unemployment rate at 4.8 per cent by the end of the year, and 4.4 per cent by the end of 2022.
Wage rises should follow, if policy holds.
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2-3 year fixed mortgage rates are now nudging here, according to broker channels, following previous moves in 4-5 year fixed rates.
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UK housing prices increased 9.5 per cent over the year to May, to a new high of £261,743, according to the Halifax.
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Zero deaths either with or from COVID were reported by NHS England today.
That's the first time since March 2020.
