Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The Reserve Bank of Australia is unlikely to take much comfort from ANZ Australian Job Ads data for September showing ads eased a modest 0.5% m/m. The decline followed a small revision to the August data but the job ads gauge is only 0.8% lower then its June peak. Job ads are 56.5% above their pre-pandemic levels. There is more than one vacancy per unemployed person.
ANZ still expects the unemployment rate to fall below 3% by early next year compared to 3.5% in August as calculated by the Australian Bureau of Statistics.
Policymakers have been concerned about the interplay between inflation, a tight jobs market and corporate price setting behaviour. (See MNI INSIGHT: RBA Still Wants Wages Growth, Just Not Too Much)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.