Australia's labour market still very tight -central bank governor

Kitco Media
By Reuters
Published:
Updated:
Reuters
SYDNEY, Feb 17 (Reuters) - The head of Australia's central bank said on Friday that the labour market was still very tight, after data showed net employment fell for the second straight month in January, while the jobless rate also surged to an eight-month high.


Speaking before law makers, Reserve Bank of Australia (RBA) Governor Philip Lowe said the soft January jobs data did not affect the bank's assessment that the labour market was still very strong, and they could reconsider if they see another weak jobs report.
(Reporting by Stella Qiu Editing by Chris Reese)

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