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13 Mar 2015
Expecting further weakness in the Australian labour market - Capital Economics
FXStreet (Bali) - Daniel Martin, Economist at Capital Economics, expects further weakness in the Australian labour market over the coming months.
Key Quotes
"The 15,600 increase in employment in Australia and slight fall in the unemployment rate from 6.4% to 6.3% last month may be seen by some commentators as a cause for relief. (Data released on Thursday.) But the bigger picture is that Australia’s economy is struggling to create jobs. Employment growth over the last year has been very weak, and the recent decline in GDP growth should translate into further weakness in the labour market over the coming months."
Key Quotes
"The 15,600 increase in employment in Australia and slight fall in the unemployment rate from 6.4% to 6.3% last month may be seen by some commentators as a cause for relief. (Data released on Thursday.) But the bigger picture is that Australia’s economy is struggling to create jobs. Employment growth over the last year has been very weak, and the recent decline in GDP growth should translate into further weakness in the labour market over the coming months."