Coming up at 11.30 am local time in Sydney
- 0130 GMT
- 2130 US Eastern time
Yesterday’s subdued wages figures:
The background to today’s numbers is that employment growth in February and March was very strong.
- 117k jobs added
- the jobless rate dropped to 3.5%
Labour demand has ebbed a little, but its off from historically super-strong highs, so the labour market is by no means weak.
The key figure for the Reserve Bank of Australia is the unemployment rate. The Bank has specifically stated, more than once, that’s hiking rates at a slower pace than otherwise in order to limit jobs damage. Indeed the bank forecasts a slower return to target inflation due to this.
This
snapshot from the ForexLive economic data calendar, access
it here.
The
times in the left-most column are GMT.
The
numbers in the right-most column are the ‘prior’ (previous
month/quarter as the case may be) result. The number in the column
next to that, where there is a number, is the consensus median
expected.