Australia: Expect another outsized employment report - TDS

Dhwani Mehta FXStreet

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%).”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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