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11 Dec 2014
Australian employment: Looking for reasonable growth - ANZ
FXStreet (Bali) - ANZ is looking for Australian employment figures to have posted another month of reasonable growth in November.
Key Quotes
"We are looking for employment to have posted another month of reasonable growth in November and for the unemployment rate to have held steady at 6.2%. If realised, this would be a slightly more positive report than what the market has forecast (15k new jobs and a 6.3% unemployment rate)."
"While there was a rise in total employment in October, heightened volatility in both part- and full- time employment in recent months means some statistical payback looks likely in November."
"And while this total employment outcome would still undershoot what other labour market indicators are suggesting for employment growth, it would at least be a modest step in this direction. Almost all of the labour market indicators that we monitor point to a pick-up in employment growth in the near term and a stabilisation (or modest improvement) in the unemployment rate."
Key Quotes
"We are looking for employment to have posted another month of reasonable growth in November and for the unemployment rate to have held steady at 6.2%. If realised, this would be a slightly more positive report than what the market has forecast (15k new jobs and a 6.3% unemployment rate)."
"While there was a rise in total employment in October, heightened volatility in both part- and full- time employment in recent months means some statistical payback looks likely in November."
"And while this total employment outcome would still undershoot what other labour market indicators are suggesting for employment growth, it would at least be a modest step in this direction. Almost all of the labour market indicators that we monitor point to a pick-up in employment growth in the near term and a stabilisation (or modest improvement) in the unemployment rate."