Australia: Expect another outsized employment report - TDS

Analysts at TD Securities offer their view on what to expect from the Australian labor market report due at 0030 GMT on Thursday.

Key Quotes:

“We expect another outsized employment report as Oct and Nov tend to be seasonally robust employment months and we assume a similar impact this year, looking for +30k for both months.

This leaves annual growth close to 3% and keeps the rate at 5.5% (if the participation rate ticks up as we expect to 65.3%).”