Nomura's Ticehurst Says Aussie Economy Growing Moderately

The video discusses recent changes in employment, highlighting a rise in full-time jobs and a decrease in part-time employment. It examines the gig economy's impact on job growth and provides an overview of the current economic climate, noting strong labor market data but weaker housing and consumer sentiment. The discussion also covers the Reserve Bank of Australia's (RBA) potential response to these changes, particularly in relation to wage growth, which remains low due to cyclical and structural factors like global competition and labor outsourcing.

In what way does the text indicate that the labor market data is impressive?

What does the text suggest about the relationship between employment numbers and unemployment rates?