fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Australian Economy Growth Likely to Weaken in the Second Half of This Year  Thu Sep 06, 2012 9:51 am | |
| Australian Economy Growth Likely to Weaken in the Second Half of This Year -Unemployment in Australia declined by 11k in August, reducing the unemployment rate by 0.1ppp to 5.1%, but it would in our view be a mistake to interpret this as a sign of strength. -This is because employment also declined, by 9k, meaning that the reduction in unemployment was the result of a hefty 19k decline in the labor force. -That is a sign of weakness, not strength, and is consistent with the view that after a solid first half, growth is likely to weaken in the second half of this year.   | |
|
