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16 Apr 2015
Australia's employment expected to increase by at least 15k - Capital Economics
FXStreet (Bali) - Paul Dales, Chief Economist Australia/NZ at Capital Economics, expects Australia's employment to have increased by at least 15,000 in March, with the announcement due at 1.30 GMT.
Key Quotes
Pretty much all the evidence suggests that employment in Australia grew by enough in March to prevent the unemployment rate from rising further (02.30 BST). We doubt this will continue for long, though.
The latest activity surveys suggest that labour market conditions remained broadly stable last month.
Indeed, our weighted average of the three AiG employment indices implies that employment increased by at least 15,000 in March.
If we are right in expecting the small contraction in the size of the labour force in February to be followed by a rebound in March, then the unemployment rate probably held steady at 6.3%.
Key Quotes
Pretty much all the evidence suggests that employment in Australia grew by enough in March to prevent the unemployment rate from rising further (02.30 BST). We doubt this will continue for long, though.
The latest activity surveys suggest that labour market conditions remained broadly stable last month.
Indeed, our weighted average of the three AiG employment indices implies that employment increased by at least 15,000 in March.
If we are right in expecting the small contraction in the size of the labour force in February to be followed by a rebound in March, then the unemployment rate probably held steady at 6.3%.