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

AUSTRALIA
AUSTRALIA: Bank views on AU labour market report:
- NAB: It's now been 17 consecutive months of employment growth and still
counting. NAB's forecast for March employment based on its reading of the
economy calls for yet another month of solid growth, an increase of 25K.
Indicators of labour demand such as from the NAB Business Survey and Job Ads
point to continuing ongoing growth in the demand for labour, consistent with
some further solid growth in prospective employment.
- Westpac: The business surveys have flattened a little but are still holding
very robust levels suggesting healthy employment growth. Our 20k forecast will
see the annual pace of employment growth ease modestly to 3.2%yr.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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