Responses to the Australian employment report coming through

Author: Eamonn Sheridan | Category: News

Bank of America Merrill Lynch on the jobs data

  • Jobs growth mostly in temporary positions
  • unemployment rate stayed high
  • the rate is the RBA's main focus, supports notion of further monetary policy support 9ie cuts ahead)
Given those points (amongst others) are similar to the one's I made earlier I have to agree (and I commend BoAML also of course ;-) ) 

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