Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

We are making welcome and important progress on inflation, on the budget and on the economy. As a result of our efforts, quarterly inflation is now around half of what we inherited. Wages growth is stronger. Budget deficits are much smaller. The participation rate is higher. The unemployment rate is lower than when we came to office. More jobs have been created on our watch than any other first-term government ever. We are restoring real wages growth. We've had two consecutive quarters of real wage growth, compared to the minus 3.4 per cent that we inherited at the election. Wages are now growing around twice as fast as they did under those opposite.

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