Stephen Koukoulas
speaker
2,355 appearances
24 recordings
2 series
first heard Apr 2026
last heard 20 Sep
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 there is a
The labor market is one of these interesting parts of economics that you can have a labor market that is too strong and unemployment being too low.
It sounds a very harsh thing to say, but given that there's a pool of unemployed as people move from state to state or transition between jobs or whatever the case may be, you can have an unemployment rate that's too low because
And that feeds into higher wages.
And the way firms, as I said, recoup that extra cost and maintain their margins to put up their selling prices.
And that's the proverbial wage price spiral, which we all fear hasn't shown up for a long time, but it's something that we still fear in the RBA talk about a lot.
Thanks, Michael.
So on Thursday, there's going to be half a dozen things that I want everybody to look at on the ABS website.
Employment full-time, part-time, hours worked, participation rate, all of the above, and tell me whether the labour market's strong or not.
Yeah, look, the survey was conducted before this last bout of oil price shocks occurred late last week or the middle to latter part of last week.
So I suspect it's going to be showing that some of that gloom
that's in business conditions, business confidence, and these sorts of things might moderate a bit.
Now, they were very gloomy in terms of business confidence over the last couple of months.
That could improve slightly.
But arguably more important within the NAB survey are questions to do with inflation indicators like their input costs,
Their output costs and labor costs, you know, the bedrock of future inflation pressures.
So to the extent that they sort of take and embrace some of this trend lowering in the oil price, I'll say, of course, notwithstanding the most recent spike higher.
We could be seeing a little bit of good news that some of those inflation indicators are moderating, but there's a lot of information there.
There's subsets on employment intentions and profitability.
It depends a little bit where the business sector is seeing the good parts of the economy.
Showing 1061–1080 of 2,355 · page 54 of 118
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