Australia Retail Sales Up 1% in April, Beating Estimates

The video discusses the challenges faced by small operators in the real estate sector, highlighting their underperformance compared to the REIT index. It then shifts focus to the retail sector, noting a significant 1% rise in retail sales for April, which exceeded market expectations and reversed previous months of contraction. This increase positively impacted the Australian dollar. However, the retail sector continues to struggle due to issues like underemployment and weak wage growth, with potential challenges from Amazon's entry into the Australian market.

What does the term 'underemployment' refer to in the context of the Australian economy?

What potential challenges are retailers in Australia facing with the arrival of Amazon?