Economic update: US jobs & Australian PBO fiscal projections

I’ve recorded a video covering the May US jobs data, which have been greeted very positively by the markets despite the data showing only a small rebound*, and the Australian Parliamentary Budget Office’s rather pessimistic projection of an additional $620 billion of debt by the end of the decade (check out the PBO Medium-term Fiscal Projections).

* i.e. relative to the fall from pre-coronavirus levels. With an additional 2.5M US jobs in May, it was the largest ever recorded monthly increase.

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