Malcolm Turnbull (Wentworth, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is addressed to the Treasurer. I refer to the recent 35-year record low in unemployment, of 4.1 per cent, and the record high in labour force participation, of 65.2 per cent. Given the Reserve Bank’s stated intention to tighten monetary policy to slow economic activity in order to lower inflationary pressures, what does the Treasurer regard as Australia’s current non-accelerating inflation rate of unemployment expressed as a percentage? If the Treasurer regards that rate to be higher than 4.1 per cent, how many Australian jobs does he believe should be sacrificed to achieve it?

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