Unemployment expectations high on WA doom

Thursday 15 August 2013

Westpac has released its consumer expectations pack for August and unsurprisingly punters remain more concerned about unemployment than they do about inflation. Inflation expectations are fixed to the spot:

And although unemployment expectations didn’t rise further, they remained very elevated with a rising trend:

WA is grasping the doom while the eastern states are aren’t sure:

More below.

Mi Exp Chart Pack Aug 2013 by David Smith

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.