Australia: Expect a modest employment print of +10k in September – RBC CM

Sandeep Kanihama FXStreet Contributor

Sue Trinh, Senior Currency Strategist at RBC Capital Markets, suggests that the lower Australian unemployment rate masks a more subdued labour market picture.

Key Quotes

“With trend monthly employment growth modest, job creation concentrated in part time jobs, and falling hours worked. We expect a modest employment print of +10k in September (cons: 15k), with the unemployment rate edging higher to 5.7% (cons: 5.7%).”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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