Interview: CBA Chief Economist rejects wild claims about job losses & economic pain

Unemployment in August held steady at 3.7%, with an extra 65,000 people finding themselves in work. But earlier this week, property developer Tim Gurner suggested unemployment needs to rise "to remind people that they work for the employer, not the other way around."

CBA Chief Economist Stephen Halmarick talks to Jennifer Duke about the bank's latest spending data, the unemployment figures, the desired outcome for the economy, and why "we don't need to see pain to achieve those outcomes."

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