Brad Olsen: Infometrics Principal Economist on unemployment rising less than expected
Unemployment rose less than expected in the September quarter – from 4.6% to 4.8%.
This comes slightly below the financial market expectation of 5%.
Infometrics CEO and Principal Economist Brad Olsen tells Heather du Plessis-Allan there are still a lot of challenges.
Olsen believes this does not affect any hope of a 75 basis point cut but does create a significant dampener.
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