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Australian jobs data due Thursday, 18 May 2023 - preview

Australian jobs data due Thursday, 18 May 2023 - preview
Coming up at 11.30 am local time in Sydney 0130 GMT 2130 US Eastern time Yesterday's subdued wages figures:Australian Q1 wages data +0.8% q/q (expected 0.9%)The background to today's numbers is that employment growth in February and March was very strong. 117k jobs addedthe jobless rate dropped to 3.5%Labour demand has ebbed a little, but its off from historically super-strong highs, so the labour market is by no means weak. The key figure for the Reserve Bank of Australia is the unemployment ra... Read More
Posted: May 17 2023, 23:12
Author Name: forexlive
Views: 081587

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