The March employment report post is here:
And, more:
- AUD losing a little more ground after disappointment on the jobs report
- Australian business confidence for Q1: 7 (prior 7, revised from 6)
Westpac are out with a rapid response, this some of the commentary and implications (bolding mine):
- Feb's result was revised down to -6.3k from +17.5k and thus ended sixteen consecutive months of job gains.
- Mar's 4.9k rise is a soft result
- seasonal revisions add further evidence that momentum has come out of the jobs market
- to put it into context, the stellar pace of jobs growth seen in 2017 was not sustainable, and while 2018 has begun on a slower footing, positive business conditions and economic activity point to a year of decent jobs growth.
