Australian Labour Market report for October, the survey was conducted September 26 to October 9
Employment Change: -46.3K for an ugly miss indeed
expected 50K, prior -138K
Unemployment Rate: 5.2%
expected 4.8%, prior 4.6%
Full-Time Employment Change: -40.4K
prior was 26.7K
Part-Time Employment Change: K
prior was -164.7K
Participation Rate: 64.7%
expected 64.9%, prior was 64.5%
Underemployment higher also, to 9.5% from 9.2% the previous month
Labour underutilisation rate 14.7% the highest since December 2020.
For background to this:
- Australian jobs report due Thursday 11 November 2021 - preview (WPAC were on the ball with this, tipping the report would be negative due to it not capturing the opening up of the state of Victoria and only catching the early days of reopening in NSW state)
- Australia's employment report for October.