Mortgage relief could be limited as jobs market expands

Employment Minister Amanda Rishworth said 89,000 new jobs were created from March to April. Video via AAP.

Transcript

00:00Well today's monthly labour force figures are incredibly encouraging for the Australian economy

00:07and demonstrates the resilience of our labour market. The unemployment figure released today

00:15shows that it remains steady at 4.1%, historically low for the Australian context.

00:24In addition, the figures released today show that 89,000 jobs were created from March to April.

00:35This well exceeds market expectations. The number of jobs created since we came to government

00:41is over 1.1 million jobs. Of course, this is also complemented by the data released yesterday

00:50showing that there is real wages growth in the last quarter, but also in the last 18 consecutive

00:58months we've seen real wages increases. This is good news for the Australian economy, but it's good

01:05news for Australian workers as well, meaning that they've got more money in their pocket.

01:11It's good news for us.

01:23It's a great news for you.