Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

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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.

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