Weekend Economist: Jobs pivot

As confidence in Australia's economy hangs in the balance, one set of data will be crucial to the Reserve Bank's rates stance.

Sentiment surveys this week have sent conflicting messages around our views on the state of the economy and the likely monetary policy profile. However, the

January employment report seems more consistent with the downbeat message from the consumer sentiment report.

In earlier notes we have highlighted the certain headwinds, which the Australian economy will be facing in 2014 and 2015:

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