Australia: Employment likely to increase by 17k in March - TDS

Analysts at TD Securities suggest that after their “flat” February print materialized (+5k), they are looking for a 'trend' employment increase of +17k in March for the Australian economy.

Key Quotes

‘Combined job ads point to ongoing 2¼%/y employment growth. When +17k/m is combined with a likely unchanged participation rate of 65.6%, the unemployment rate could pop back to 5.0%, in line with the RBA projection of 5% over 2019 (mkt 5%).”