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Ahead of the Australian jobs report.......>

AUSTRALIA
AUSTRALIA: Ahead of the Australian jobs report tomorrow at 0030GMT, analysts at
National Australia Bank are expecting another strong month of jobs growth. Their
models and evidence point to +35k jobs growth, which could also be helped by ABS
sample rotation effects. On the unemployment rate, they expect a modest decline
to 5.4%, with a flat participation remains at 65.7%. NAB add, currently, the
participation rate is just shy of its record high during the mining boom
(65.8%), although the composition of the economy is very different. Our analysis
shows that the participation rate could go higher, given the solid growth in
female participation (that is potentially NDIS-related).

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