Australia's Tight Labor Market Will Keep Central Bank Vigilant -- Market Talk

Dow Jones

Feb 20, 2025

0144 GMT - Data showing that Australia's labor market remains tight reinforces Capital Economics' view that the central bank will deliver a shallow easing cycle. Employment growth accelerating to 3.5% on year in January will gave the Reserve Bank of Australia pause for thought, putting employment well on its way to overshoot its 2.8% forecast across 1Q, says senior APAC economist Abhijit Surya. The rise in unemployment was in line with expectations but the uptick overstates the extent to which the job market loosened last month, as there were a higher number of people than usual who had a job but were waiting to start or return to work, he notes. Overall, the data will likely reinforce the RBA's view to be cautious about further policy normalization, he adds. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

February 19, 2025 20:44 ET (01:44 GMT)

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Employment growth accelerating to 3.5% on year in January will gave the Reserve Bank of Australia pause for thought, putting employment well on its way to overshoot its 2.8% forecast across 1Q, says senior APAC economist Abhijit Surya. The rise in unemployment was in line with expectations but the uptick overstates the extent to which the job market loosened last month, as there were a higher number of people than usual who had a job but were waiting to start or return to work, he notes. Overall, the data will likely reinforce the RBA's view to be cautious about further policy normalization, he adds. (fabiana.negrinochoa@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 20:44 ET (01:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia's Tight Labor Market Will Keep Central Bank Vigilant -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia's Tight Labor Market Will Keep Central Bank Vigilant -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-20 09:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0144 GMT - Data showing that Australia's labor market remains tight reinforces Capital Economics' view that the central bank will deliver a shallow easing cycle. Employment growth accelerating to 3.5% on year in January will gave the Reserve Bank of Australia pause for thought, putting employment well on its way to overshoot its 2.8% forecast across 1Q, says senior APAC economist Abhijit Surya. The rise in unemployment was in line with expectations but the uptick overstates the extent to which the job market loosened last month, as there were a higher number of people than usual who had a job but were waiting to start or return to work, he notes. Overall, the data will likely reinforce the RBA's view to be cautious about further policy normalization, he adds. (fabiana.negrinochoa@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 20:44 ET (01:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03650","symbol_name":"KEEP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512687974","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512687974","pubTimestamp":1740015840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2025 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03650":"KEEP","BK1215":"特殊消费者服务"},"translate_title":"澳大利亚劳动力市场紧张将使央行保持警惕——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03650":1},"content_text":"0144 GMT - Data showing that Australia's labor market remains tight reinforces Capital Economics' view that the central bank will deliver a shallow easing cycle. Employment growth accelerating to 3.5% on year in January will gave the Reserve Bank of Australia pause for thought, putting employment well on its way to overshoot its 2.8% forecast across 1Q, says senior APAC economist Abhijit Surya. The rise in unemployment was in line with expectations but the uptick overstates the extent to which the job market loosened last month, as there were a higher number of people than usual who had a job but were waiting to start or return to work, he notes. Overall, the data will likely reinforce the RBA's view to be cautious about further policy normalization, he adds. 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