I posted what's expected and also more:
- Economic data due from Asia today
- Its Australian jobs report day - your guide to avoid the confusion
Bank previews (real quick ones):
This from CBA:
- Thursday's employment report for April will be keenly watched.
- After some signs of softening, last month's labour force data showed a huge 60.9k surge in new jobs in the month.
- We expect some consolidation and are forecasting a flat outcome this time. The unemployment rate should tick down to 5.8%.
ANZ:
- We expect another rise in jobs in April, following the sharp 61k rise in employment in March.
- Solid business conditions and the ongoing moderate upward trend in job ads suggest that the labour market should continue to improve, albeit gradually.
- We do not expect the Queensland floods to markedly impact the jobs outcome, although hours worked may be affected.
- We look for a rise of 15k jobs in April, and a tick back down in the unemployment rate to 5.8%.
And, more from ANZ:
- After the bumper employment gain in March the market may expect payback in April.
- We think that is a mistake as we interpreted the March data as the start to the closing of the gap between the official data and other measures.
- As a consequence we look for an above-consensus 15k gain in jobs.
