Economists expect Thursday’s jobs figures to reveal that 50,000 people found work in February.
Economists expect Thursday’s jobs figures will reveal that 50,000 people found work in February, but an unexpectedly soft outcome would raise the chances of the RBA hitting pause on further rate hikes.he could pause rate rises soon, with incoming data on inflation, jobs, business sentiment and consumer spending set to determine whether borrowers would be spared an 11th consecutive interest rate rise.Thursday’s jobs data could push the unemployment rate down to 3.6 per cent from 3.
“All this is uncertain, but if there is a big jump in jobs without a pullback in the unemployment rate the governor might see that asDr Lowe said last week he had an “open mind” about what happens at the RBA’s next board meeting on April 4, despite saying that further tightening of monetary policy was needed.
“In the context of the anticipated rebound, a number noticeably south of the otherwise sizeable gain seen by consensus would be seen as soft,” he said.
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