Australia's Jobs Data Roller Coaster Seen Taking Another Loop
- Economists see 10,000 drop in employment after 71,400 rise
- Jobs market and jobs data "two different animals:" Bloxham
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Australia’s volatile labor force data is forecast to give financial markets another thrill, with economists predicting December figures will show a sharp turnaround after jobs surged the most in almost 28 years in the previous two months.
Data due next Thursday will show seasonally adjusted employment fell 10,000 in December following a 71,400 rise in November, according to the median forecast from a Bloomberg survey of 23 economists. The estimates range from a fall of 45,000 to an increase of 15,000.