I have posted previews of the data already. its due at 0030 GMT, so not too far away
- Australian jobs data due today - preview
- Australian jobs data due today - preview #2
- Australian jobs data due soon! Preview (#3)
These now via ...
Barclays:
- With leading indicators suggesting some slowdown in job listings, we expect very modest job gains in December, with the unemployment rate liking ticking marginally higher.
CBA:
- Moderate rise in jobs adding to stellar (3%pa) performance over 2017.
RBC:
- This should headline a moderate week of data, the report preceded by less market moving housing finance and consumer confidence reads. We expect some statistical give-back in December's report to result in a subdued +5k headline jobs added number, with an overdue increase in the number of unemployed to lift the unemployment rate back up a touch to 5.5%, and the part rate easing to 65.4%. Lending some further support to this view, job ads dropped off a little in December, down 2.3% m/m. That said, this would be just a blip against a stronger trend. The state of the Australian labour market has been steadily improving, with November's report seeing the most new jobs added (61.6k) since Oct 2015, and a total of 300k new full time jobs added since Nov 2016. Slack remains though, and with the underemployment rate still at a historically elevated level of 8.3% there is plenty of room for job gains to continue in later releases.
And, that's all for the Aussie job report previews (unless another pops up, of course!)
