Australian employment report is due Thursday - preview

Jobs report is due Thursday 17 October 2019 at 0030GMT

Earlier:

• Australian jobs report is due this week - once again eyes on the unemployment rate

ANZ:

• expect the unemployment rate to steady at 5.3%
• a modest employment gain of 10k
• participation rate remaining above 66%

Via NAB :

• unemployment rate likely held at 5.3%
• Ongoing weakness in private demand points to the unemployment edging higher … in H2 2020
• Employment growth is forecast to slow and NAB expected a 10k gain in September
• consistent with the earlier decline the NAB survey's employment index, SEEK job ads and ABS vacancies.
• If unemployment rate rises sooner than we expect, we think that would increase the risk that the RBA cuts the cash rate in November, earlier than NAB's forecast for a December cut to 0.5%.