Asian Economic Calendar: Key Events and Consensus Expectations for 18 January 2024 ...Middle East

The item of most note on the data calendar for the session ahead is the Australian Laour Market report for December 2023. The November report showed:another massive rise in jobsthe 'participation rate' - i.e folks in the workforce or looking for work, also rosethe unemployment rate is its highest since May of 2022, but still not to far from its nearly 50 year low of 3.5%As I said at the time, the Reserve Bank of Australia (RBA) is going to have to weigh up the jobs added as a sign of strength, and the rising unemployment rate as a concern given its dual mandate. The RBA will, however, also see the higher unemployment rate as a slight easing in the tight labour market, which they'll welcome,

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