Analysts at National Australian Bank (NAB) offers a detailed preview of what to expect from Thursday’s Australian labor market report due to be released at 0030 GMT.
“Labour force data continues to be an important positive signal on the economy.
Recent concerns around retail sales have likely shifted the RBA's focus towards consumer spending.
Barring any sharp changes to the unemployment rate in the data next week, the RBA is on track for its expectation of a 5% average unemployment rate in the December quarter. As such, the Bank will likely continue to expect a gradual tightening in the labor market.
Expect data to confirm trend employment growth was strong over 2018.
There is some slight risk of a 5% u/u result.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.