Aussie jobs preview - TDS

FXStreet (Guatemala) - Analysts at TD Securities noted that the Australian Employment, December, is due next week and offered their forecasts compared to market consensus and preview.

Key Quotes:

"Headline (Mkt)-10k TDS 15k

Unemployment (Mkt) 5.90% TDS 5.90%

Participation Rate (Mkt) 65.2% TDS 65.3%

Approx 130k jobs have been added in the last 2 months, a phenomenal increase for an economy that is growing sub-trend.

Our above-consensus forecast is not held with tremendous conviction, and employment growth at 3% is exceeding that suggested by job vacancy data. Should an outcome softer than our forecast materialise, it is unlikely to impact RBA thinking significantly."