Australia: Look for a 20k gain in employment – Deutsche Bank

The research team at Deutsche Bank explains that the Australian labour force figures for March are due Thursday and they are looking for a 20k gain in employment (consistent with our labour market tracker) and for the unemployment rate to tick down to 5.8%, after printing at 5.9% in February.

Key Quotes

“The RBA will also release its latest semi-annual Financial Stability Review on Thursday. This document takes on added significance in our view, given the recent introduction of new macro prudential measures by APRA and heightened rhetoric more generally by regulators, including the RBA, around housing markets risks. The Melbourne Institute's consumer inflation expectations survey for April is also due Thursday.”