The Wrap: Jobs, Savings Rates, Banks, Travel
-Upward pressure on construction/mining wages -RBA likely to hike ahead of 2024 guidance -Major global spend of accumulated savings predicted -Bank outperformance the market by 18% year-to-date -Travel stocks not all equal By Mark Story Labour shortages: Mounting wage pressure Assuming international borders remain closed until mid-22, Jarden expects unemployment to fall to 4.5% by the end of 2021 and 4% by the end of 2022. However, Jarden believes a lack of skilled labour presents downside risks which could see hiring slow below the brokers modest 1.5% year-on-year forecast. Driven by strong ...
Source: fnarena.com