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1.Market Observations, 8.Was Sticky

17 Mar 2017 (AFR) – Softer jobs may delay RBA on rates – Unemployment surge complicates RBA interest rate plans

(17 March 2017, AFR, p1, by Jacob Greber)

‘A stumbling labour market sent the jobless rate rising to a 13-month high of 5.9 per cent last month, complicating Reserve Bank of Australia plans to follow the US Federal Reserve’s official interest rate hikes to cool a resurgent property market. ​In a set-back for investors betting on Reserve Bank rate hikes in 2017, the Australian Bureau of Statistics reported on Thursday the first fall in employment in five months, down by 6400 jobs, and the longest jobless queue in almost a year.’

Read more at AFR.com (might need AFR login access, or try: ASX.com/trial)

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