Back
12 Apr 2015
Aussie employment: Cautious about too much job growth - TDS
FXStreet (Bali) - Jacqui Douglas, FX Strategist at TD Securities, shares her view on the upcoming Aussie employment figures, due on Thurs 16 April, noting that she remains cautious around expecting too much job growth.
Key Quotes
"Last week’s RBA decision to keep rates on hold left fixed income markets reeling, so markets will be keeping a close eye on the employment report for any worrying trends in the unemployment rate, helping to cement a May rate cut instead."
"We remain cautious around expecting too much job growth, and look for a modest +15K for March, although admittedly recent job ads to suggest upside risks to our view. We also look for the unemployment rate to revert to the cyclical high of 6.4% as the participation rate picks up."
Key Quotes
"Last week’s RBA decision to keep rates on hold left fixed income markets reeling, so markets will be keeping a close eye on the employment report for any worrying trends in the unemployment rate, helping to cement a May rate cut instead."
"We remain cautious around expecting too much job growth, and look for a modest +15K for March, although admittedly recent job ads to suggest upside risks to our view. We also look for the unemployment rate to revert to the cyclical high of 6.4% as the participation rate picks up."