ANZ analysts are having doubts that the Australian employers can continue to hire at the recent strong pace, due to the softer economic signals of the last past two months. Key Quotes “Australia’s unemployment rate dipped in February to 4.9%, its lowest since 2011. That and another drop in the labour underutilisation rate are providing most households with some financial security. But strong jobs growth hasn’t translated to higher wages growth, and consumer sentiment has fallen this year. Lowered borrowing capacity, high levels of debt and falling housing prices are having a dampening impact.” “We doubt that Australian employers can continue to hire at the recent strong pace, given the softer economic signals of the last past two months. That doesn’t mean there won’t be more jobs growth and a lower unemployment rate, but annual employment growth of 2-3% seems unsustainable.” “The RBA’s March Board meeting minutes noted the inconsistency of improvement in the labour market and the apparent slowing of output growth in the second half of 2018. It will want to be sure which indicator is telling the full story before acting. That is why we continue to think rates will remain on hold, unless the labour market shows sudden weakness.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next RBNZ unlikely to alter its stance at next week’s March OCR Review – Westpac FX Street 4 years ANZ analysts are having doubts that the Australian employers can continue to hire at the recent strong pace, due to the softer economic signals of the last past two months. Key Quotes "Australia's unemployment rate dipped in February to 4.9%, its lowest since 2011. That and another drop in the labour underutilisation rate are providing most households with some financial security. But strong jobs growth hasn't translated to higher wages growth, and consumer sentiment has fallen this year. Lowered borrowing capacity, high levels of debt and falling housing prices are having a dampening impact." "We doubt that Australian employers can… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
