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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%).”

Australia: Robust employment growth should continue - ANZ

Australian business conditions reached a record high in October, as reported profitability rose sharply, which suggests that robust employment growth
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Australia: WCI turns the corner, but nothing alarming - TDS

Australia’s Q3 Wage Cost Index rose +0.5%/qtr and +2.0%/yr, less than mkt and TD expectations, so AUD slipped 50pips to $US0.758, explains the researc
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