Want to create an interactive transcript for this episode?
Podcast: Peter Ryan_ABC News Soundcloud
Episode: Rising jobless rate threatens resilient economy; RBA gov Michele Bullock quizzed on Stage 3 tax cuts
Description: Rising jobless rate threatens resilient economy as consumers spend up on gyms, cruises and Taylor Swift
Caption: Cracks are appearing in Australia's economy with the unemployment job rising to 4.1 percent in January.
Economists previously optimistic about resilient jobs market now see greater pressure on the Reserve Bank to cut interest rates. Commonwealth Bank chief economist Stephen Halmarick says despite the pressures, cautious consumers are spending up on gym memberships, cruises .. and Taylor Swift.
Reporter: Peter Ryan, Senior Business Correspondent
Featured: Stephen Halmarick, Commonwealth Bank chief economist; Michele Bullock, RBA governor
Keywords: