November employment report due from Australia at 0030 GMT
This preview via ANZ, looking for a result below consensus forecasts:
- We expect a moderate rise of 10k jobs in November after the 4k rise in October.
- While leading indicators remain elevated, the strength in employment over the past year suggests an element of overshoot, so we anticipate some pay-back in November (as there was in October).
- We forecast the unemployment rate to remain stable at 5.4%