Australia: Expect another outsized employment report - TDS
|Analysts at TD Securities offer their view on what to expect from the Australian labor market report due at 0030 GMT on Thursday.
Key Quotes:
“We expect another outsized employment report as Oct and Nov tend to be seasonally robust employment months and we assume a similar impact this year, looking for +30k for both months.
This leaves annual growth close to 3% and keeps the rate at 5.5% (if the participation rate ticks up as we expect to 65.3%).”
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