While news headlines are still filled with announced lay-offs, indicators of the jobs market have bottomed and even improved a little… But we are still set to see a substantial loss of jobs directly involved in the mining expansion, and the quality of new jobs remains important … NAB’s forecast for the labour market in 2014 sees a combination of modest jobs growth and a rising unemployment rate… For now though, with house prices rising at a quick 10% annual pace the RBA has no interest or need to add further stimulus… This week, NAB Business Survey for March tomororw, consumer confidence Wednesday and the March labour force report Thursday
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BNZ