Australian Employment report for November - I headlined the jobless rate as the RBA want it at 4.5%. Long way to go!

Employment Change: +39.9K - a huge beat and a bounce back from October

  • +15.0K expected K, prior -19.0K …. prior revised to -24.8K

Unemployment Rate: 5.2% a BEAT!

  • 5.3% expected, prior 5.3%

Full Time Employment Change: +4.2K

  • prior was -10.3K .... prior revised to -10.5K

Part Time Employment Change: +35.7K … but, but they part-time!

  • K prior was -8.7K .... prior revised to -14.3K

Participation Rate: 66.0%

  • expected 66.0%, prior was 66.0%

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huge rise in employment after the fall last month. Unemployment rate moves in the desired direction.

Niggle is the jobs are part-time and not full time.

Still, AUD marked higher.