Bank views on AU labour market report:....>

AUSTRALIA: Bank views on AU labour market report:

- ANZ: Ongoing solid business conditions, including strong profitability and

hiring intentions, suggest that employment should have continued to rise in

March. Job ads are still trending higher, although growth has slowed a little.

We look for a rise of 18k and a tick lower in the unemployment rate to 5.5%.

- CBA: Employment rose by 17.5k in February and the unemployment rate inched

higher to 5.6% on a rise in the participation rate. Both the NAB Business Survey

and the ABS Job Vacancies series are pointing to robust jobs growth over the

next few months (around 25k per month). CBA expects to see jobs growth of 25k

over March and a small easing in the participation rate. That would push the

unemployment rate down to 5.5%.