Thursday , 14 November 2024
Home Forex Australian jobs report recap – “remains in relatively solid health”
Forex

Australian jobs report recap – “remains in relatively solid health”

The data is here from earlier:

Westpac with the recap, in brief:

Australian labour market remains in
relatively solid health

  • employment growth slowing broadly in line with population growth
  • average hours holding steady
  • few signs that labour demand is
    capitulating to an extent that warrants concern
  • labour market
    conditions remain somewhat tight … this is not translating to stronger wage inflation pressures
  • On balance, today’s update will see the RBA continue to remain focused
    on the dynamics around underlying inflation.

***

Speaking of the RBA, we heard from Bullock earlier, not dovish:

***

AUD/USD update:

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

EIA weekly crude oil inventories +2089K vs +750K expected

Prior was +2149Crude oil inventories +2089 K vs +750K expGasoline inventories -4407K...

Bitcoin falls to $88,000 in a quick fall

Bitcoin has seen some bids early in US trading in the past...

EIA weekly nat gas inventories +42 bcf vs +44 bcf expected

We're closing in on winter and the drawdown season. Natural gas has...

Barkin: Fed does watch carefully if 10-year yield driven by inflation expectations

Fed is trying to normalize its balance sheet, not use it to...