Australian employment report for September

Employment Change: -29.5 K not as bad as expedted

  • expected -40K, prior +129K, revised from +111K (an upward August revision)

Unemployment Rate: 6.9% and ditto, not as bad as expected

  • expected 7.0%, prior 6.8%

Full Time Employment Change: -20.1K

  • prior was +12.1K, revised from +36.2K ... not so good a revision

Part Time Employment Change: -9.4K

  • prior was +117K, revised from +74.8K

Participation Rate: 64.8%

  • expected 64.8%, prior was 64.8%

The figures hide the many discouraged workers who have left the labour force while government job support is also propping up employment.

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Background:

And if you've had a nap or something and wondering about the flailing AUD, here's the Lowedown ...