Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Tuesday, 14 May 2019

NAB survey: employment crunch

NAB survey dives

 The business surveys are among the most timely indicators, and NAB's release was...well, pretty bad.

Critically, the employment reading dived from +6 points to -1 points.


Source: NAB

That's the first negative reading for business employment since January 2016.


Source: Real Vision

I'm no rates strategist, but notably employment is considered key to the outlook.


I've been in a meeting all morning, but a quick glimpse at the feed was not pretty...



Euch.

Posted by at