Feels like we're hanging on by fingernails and slowly slipping. Makes it a bit more likely we might see another interest rate cut if it continues. http://www.smh.com.au/business/the-...mps-as-economy-sheds-jobs-20130411-2hmxa.html
Reports in the media that the RBA cuts over the past 12 months are finally feeling their effects in retail spending are not being reflected in jobs. An article* last week stating that families are "wealthier" now because they have more money in their pockets and are spending it is difficult to justify if jobs growth is going backwards. I'm not sure where this extra spending money is coming from, personal credit doesn't seem to have shifted much, maybe people are saving less in the last few months? *http://www.news.com.au/business/breaking-news/rate-cuts-fuel-surge-in-retail-spending/story-e6frfkur-1226612664125
