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AUSTRALIA: Focus Firmly On Jobs Data, Little Else This Week

AUSTRALIA
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There are not a lot of data releases or events in Australia this week and so attention will be firmly on the August labour market data on Thursday. 

  • Employment printed at a higher-than-expected 58.2k in July and the unemployment rate ticked up 0.1pp to 4.2%. Bloomberg consensus is forecasting a 25k rise in August new jobs, around half the 3-month average. The unemployment rate is expected to be unchanged at 4.2% and the participation rate 67.1%.
  • The Westpac leading index for August is released on Wednesday. The 6-month change has suggested that growth remains below trend but is improving. With commodity prices falling though, it may post another monthly decline.
  • RBA Assistant Governor (Financial System) Jones speaks on Wednesday at 0920 AEST at the Intersekt Festival. 
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There are not a lot of data releases or events in Australia this week and so attention will be firmly on the August labour market data on Thursday. 

  • Employment printed at a higher-than-expected 58.2k in July and the unemployment rate ticked up 0.1pp to 4.2%. Bloomberg consensus is forecasting a 25k rise in August new jobs, around half the 3-month average. The unemployment rate is expected to be unchanged at 4.2% and the participation rate 67.1%.
  • The Westpac leading index for August is released on Wednesday. The 6-month change has suggested that growth remains below trend but is improving. With commodity prices falling though, it may post another monthly decline.
  • RBA Assistant Governor (Financial System) Jones speaks on Wednesday at 0920 AEST at the Intersekt Festival.