Australian Employment Preview: Forecasts from five major banks, big gain Australia Employment AUDUSD Macroeconomics Banks
Australia is expected to have added 48.5K jobs vs. -11.5K in January, while the“Like the RBA, we think the labour market will rebound in February. Our forecast is very strong employment growth of 90K, enough to have pushed unemployment back down to 3.5%. But if there’s another soft labour market result or if the other aforementioned prints prove lacklustre, this could keep the RBA on hold in April.
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