Australia's January labour force survey is due at the bottom of the hour.
Preview snippet via CBA:
- labour market remains tight but there is a clear trend of conditions easing
- Underutilisation has risen, employment growth has been driven by part-tim e employees and hours worked have fallen for two consecutive quarters. Private sector measures of labour demand also continue to show a cooling.
- Our forecast is for a 40k rise in employment and for the participation rate to rise to 66.9%. This would push the unemployment rate up to 4.0%.
