After rising rapidly in Feb and March, employment in Australia (02.30 BST) probably increased at a more modest pace in April. While job vacancies and advertisements remain relatively high, the latest survey evidence suggests that the near 40,000 increases in employment seen in Feb and March are unlikely to have been repeated in April. “We forecast an increase of 15,000 in April, but a smaller rise or outright fall is possible. If we are right in estimating that the labour force increased by around 20,000, the unemployment rate may have risen back to 6.2%.” notes Capital Economics in a report
The material has been provided by InstaForex Company – www.instaforex.com