Australian Markets Weekly

Labour market crucial to RBA policy in coming months
* RBA hoping it has eased enough, but the economic outlook remains weak and unemployment is rising

* NAB expects that the unemployment rate will be over 6% by the end of the year, and at 6.8% by end 2014

* Jobs growth in past quarter mainly in construction and public administration; retail has seen biggest losses

* In Australia this week skilled vacancies and job vacancies are released. Offshore, manufacturing PMIs in China and Europe, and US housing data are due

Read the full report: Market Research

 

NAB