COMMENT:

The sweet spot in the economic cycle, the bit where workers' wages usually rise, is over already. How was it for you?

After more than a decade of economic growth and low unemployment, where is that long-promised wage growth?

Today's new figures confirmed that while unemployment remains near record lows, wage growth remains missing in action.

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The unemployment rate of 4.2 per cent was just shy of a 10-year record low (we hit 4 per cent in September).

The rate is stable at levels economists sometimes describe as "full employment".

In other words, the economy is near capacity and

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