The March employment report today is the Australian highlight of the week. RBC forecasts a below consensus print of 0k for the number of job additions (cons: 15k), and for the u-rate to tick higher to 6.4% (cons: 6.3%).
"Our slightly more pessimistic forecast is built on the view that there should be further 'giveback' after a particularly stellar Q4. We also, however, note that annual seasonal re-analysis may lead to greater volatility than usual in this release", Says RBC Capital Markets
Commentary
Australia's March employment report today
The March employment report today is the Australian highlight of the week. RBC forecasts a below consensus print of 0k for the number of job additions (cons: 15k), and for the u-rate to tick higher to 6.4% (cons: 6.3%). …
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