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 ...