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SYDNEY, March 26 (Reuters) – The Australian central bank is confident that domestic job data can be trusted since it comes from a number of independent sources, but fears that the health of the labor market not be exaggerated.
The Assistant Governor of the Reserve Bank of Australia (RBA), Luci Ellis, also said that this man was one of the main contributors to the poor growth of incomes and consumption in recent years, even as employment remained stable.
"Over the last six years, tax-paid growth has outpaced that of above-average margin earnings, at a time when revenue growth itself was slow," said Ellis, who heads the department. economic affairs of the bank.
She cited various reasons for this change, including compliance efforts and technological advances in tax collection.
Ellis said the bank was still trying to reconcile the weakness of household consumption with the strength of the labor market.
"The labor market has improved unambiguously," she said. "One can be reasonably confident in the direction of labor market data because they come from several sets of data collected independently."
"Many of our own liaison contacts also tell us that they're hiring." (Report by Wayne Cole, Edited by Sandra Maler)
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