Australia Sept. jobs report: Employment +5.6K (expected +15K)

The two headline results for the Australian monthly labour market report are employment change and unemployment:

Employment Change: +5.6K, a miss

• expected +15.0K, prior +44.0K … prior revised to +44.6K

Unemployment Rate: 5.0% …. wow ….

• expected 5.3%, prior 5.3%

Full Time Employment Change: +20.3K

• prior was +33.7K, revised to +35.2K

Part Time Employment Change: -14.7K

• prior was +10.2K, revised to +9.5K

Participation Rate: 65.4%, the big drop will be applied against that fall in the unemployment rate

• expected 65.7%, prior 65.7%

OK …. got Kuroda speaking at the same time, so my attention is there

• BOJ's Kuroda: BOJ will keep rates low for an extended period

… I'll post a bit more on the jobs data separately