SS says
Expect more bad news to come from DOWN UNDER this year and next as well.
http://www.bloomberg.com/news/2011-06-09/australia-employers-added-fewer-jobs-than-forecast-in-may-currency-drops.html
“It is clear that the economy has lost momentum,” saidCraig James, a senior economist at Commonwealth Bank of Australia, the nation’s biggest lender. “For the Reserve Bank, the safest place is on the interest-rate sidelines.”
Australian job advertisements dropped in May by the most in two years, declining 6.5 percent from April, according to an Australia & New Zealand Banking Group Ltd. report this week. The country recorded its biggest annual job gain on record last year.
Expect more bad news to come from DOWN UNDER this year and next as well.
http://www.bloomberg.com/news/2011-06-09/australia-employers-added-fewer-jobs-than-forecast-in-may-currency-drops.html
“It is clear that the economy has lost momentum,” saidCraig James, a senior economist at Commonwealth Bank of Australia, the nation’s biggest lender. “For the Reserve Bank, the safest place is on the interest-rate sidelines.”
Australian job advertisements dropped in May by the most in two years, declining 6.5 percent from April, according to an Australia & New Zealand Banking Group Ltd. report this week. The country recorded its biggest annual job gain on record last year.
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