RBA’s Harper – Weak job market might be turning

Omkar Godbole FXStreet Contributor

Reserve Bank of Australia (RBA) board member Ian Harper, while talking to the Wall Street Journal (WSJ) said the weakness in the jobs growth and anemic wage growth is a concern for the central bank.

However, Harper stressed that the weak job market might be turning.

He added that high indebtedness is weighing on consumption and thus on the economy.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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