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7 Aug 2014
Australian jobs: Risk skewed to a lower unemployment rate - ANZ
FXStreet (Bali) - ANZ thinks that in today's Australian employment report, the risk appears skewed to a lower unemployment rate.
Key Quotes
"In Australia, labour market data for July are published at 11:30AEST. We expect employment to have increased by around 15K (mkt: +13.2) in July, with the unemployment rate remaining unchanged at 6.0% (mkt: 6.0%) after edging up in June."
"The risks, however, appear skewed to a lower unemployment rate. Looking ahead, we expect jobs to grow around 1.5% over this year and for the unemployment rate to remain close to 6%."
Key Quotes
"In Australia, labour market data for July are published at 11:30AEST. We expect employment to have increased by around 15K (mkt: +13.2) in July, with the unemployment rate remaining unchanged at 6.0% (mkt: 6.0%) after edging up in June."
"The risks, however, appear skewed to a lower unemployment rate. Looking ahead, we expect jobs to grow around 1.5% over this year and for the unemployment rate to remain close to 6%."