Australian jobs report due soon - jobs added but unemployment higher expected ...Middle East

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Australian jobs report due soon - jobs added but unemployment higher expected
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%. This article was written by Eamonn Sheridan at www.forexlive.com.

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