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14 Mar 2013
Forex Flash: Australian jobs data main focus - NAB
As NAB notes, the Austrlain jobs report today "is expected by market forecasters to show a rise in the unemployment rate to 5.5% from 5.4% in January and a rise in jobs of 10K."
"At NAB, we too expect a rise in the unemployment rate but expect weaker jobs growth of 5K. There will be some interest also in the participation rate (the percentage of the working age civilian population available to work) which has of late been trending lower and at 65.0% in January was at a 6½ year low" the bank adds.
"At NAB, we too expect a rise in the unemployment rate but expect weaker jobs growth of 5K. There will be some interest also in the participation rate (the percentage of the working age civilian population available to work) which has of late been trending lower and at 65.0% in January was at a 6½ year low" the bank adds.