jobs

The recent consolidation in the US Dollar Index and the Fed’s renewed data dependence could lead to a more-volatile-than-usual reaction in the US dollar.

Meta and Amazon have embarked on their second round of job cuts, and we think more could be on the way.

Microsoft, Alphabet, Meta, Amazon and Salesforce are among the biggest names to cut jobs, but are more to come?

Thankfully, some of the early data suggests that the US consumer remained healthy as of December, and that optimism is keeping expectations for the labor market elevated as well.

Big Tech stocks have paused hiring and started to make layoffs, but are deeper job cuts around the corner?

Traders are split 50/50 between expecting another 75bps rate hike and a downshift to 50bps, so we’re likely to see some market volatility regardless of how this month’s jobs report prints.

The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high. This should give the Fed confidence in raising rates by 75bps tomorrow.

If the NFP print is weaker than expected, there will be a lot of talk about the Fed pivot, and markets may see the current trends in stocks and the US Dollar continue!

With all the bearish news in recent months, it's easy to lose sight of the positives that emerged post the pandemic. Australian labour force data released this morning showed the unemployment rate fell to 3.9%, its lowest level since the 1970s.

A huge week ahead as three central banks line up to raise interest rates, and three employment reports drop, including one in New Zealand on Wednesday morning.

Rounding out a trifecta of critical economic events tomorrow morning, Australian labour force data for February is due for release at 11.30 am Sydney time.

A public holiday in New Zealand yesterday for the Auckland Anniversary Day, enabling local traders a chance to catch their breath after a busy few weeks.

Following an impressive gain of +366k jobs in November, the Australian economy added another +64.8k job in December. The seasonally adjusted unemployment rate fell to 4.2% from 4.6%, its lowest level since pre the Global Financial Crisis, August 2008

Tomorrow at 11.30 am Sydney time, Australian labour force data for December is scheduled to be released.

At its board meeting last week, the Reserve Bank of Australia noted that a tighter labour market is required to lift wages growth, which takes time to achieve its inflation objective.

This month’s NFP report comes out at a bit of an awkward time for traders, but inflation remains in focus

Tomorrow at 11.30 am Sydney time, Australian labour force data for September is due to drop.