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Ahead of tomorrow's Australian.......>

AUSTRALIA DATA
AUSTRALIA DATA: Ahead of tomorrow's Australian Labour Market Report (0030GMT),
analysts at ANZ expect another solid rise in employment for February, extending
the record run of monthly gains. They look for a rise of 20,000 and a tick down
in the unemployment rate to 5.4%.
- CBA have penciled in a lift in jobs of 20k over the month for the unemployment
rate to hold at 5.5%. Sample rotation means that the odds are skewed towards the
participation rate nudging up a touch.
- NAB are expecting unchanged unemployment rate, but for jobs growth to be much
softer (+8k), and the participation rate to soften a touch (65.5%).
- Westpac forecast participation to rise modestly to 65.7% and this will be
enough to see the unemployment rate hold flat at 5.5%.
- Barclays expect employment to remain robust, but the unemployment rate is
likely to be steady amid elevated participation rates.

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