Stephen Koukoulas
speaker
2,355 appearances
24 recordings
2 series
first heard Apr 2026
last heard 6d ago
Stephen Koukoulas’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 24 in all, peaking in May 2026 with 6.
Appearances
So they add up the 14 and a half million or so people who have paid employment.
How many hours did they work?
And they work out an aggregate hours worked.
And that can be a better indicator because if even if employment was just say it was unchanged, but everyone was working an extra two hours a week, that's a sign that the economy is strong.
Oh mate, I need you to stay on, need to give you a bit of overtime, need you to come in, don't take your holiday until later on because I need you to work.
That hours work number is very, very important.
It actually fell quite sharply in the month, minus point six percent, which on a month-on-month basis is pretty soft.
Over the year, it was only up zero point two percent.
So while employment is okay.
hours work is declining.
So that's saying that the average hours worked per person is falling.
And the unemployment rate's going up.
think so.
And of course the RBA usually doesn't
telegraph its views in between meetings or in between the quarterly statements of monetary policy, which by definition like quarterly, where they usually have a big revamp of their forecasts.
And it's only been, what, two weeks ago that they put out their latest statement on monetary policy, where they had the labor market weakening, but the governor said that the labor market was still tight.
Um, I thought that was a bit over zealous at the time.
And again
Uh since that statement came out, we had the w softening in the wage price index and the labor numbers that we just spoke about.
So if we get another month where the employment numbers are pretty subdued, we either consolidate at 4.5, let alone go up to 4.6%.
Showing 421–440 of 2,355 · page 22 of 118
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