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MNI ANALYSIS: Australia Job Ads Point.....>

AUSTRALIA
AUSTRALIA: MNI ANALYSIS: Australia Job Ads Point To Steady Jobless Rate
- Job advertisements in Australia fell in August, marking the fourth decline in
the eight months of this year and no longer pointing to decline in the jobless
rate. In level terms, the number of job advertisements in August was slightly
lower than January, and could be regarded as a warning sign for the outlook of
the labor market. The Reserve Bank of Australia's monetary policy outlook is
highly dependent on continued improvement in the labor market, so any
deterioration in the outlook poses risk for its guidance for the next move in
the cash rate to be up.
- For full story see MNI Main Wire at 02:30 BST 09/03, or contact us for access.
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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