Australia – Aug Leading Indicator of Employment
14/08/2019 04:17 pm MYT
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The revised monthly leading indicator of employment fell for the fifteenth consecutive month in Aug. The decline was due to falls in all components of the indicator except for the NBSC Purchasing Managers’ Index for Manufacturing Output in China.

Meanwhile, the cyclical employment index fell after rising for twelve consecutive months. As the leading indicator leads cyclical employment by roughly one year, the annual growth rate of employment could fall below the long-term trend rate in the near term - see figure 1.

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