Australian jobs report for August: Employment +111K (vs. expected -35K) Unemployment 6.8% (vs. 7.7%)

Author: Eamonn Sheridan | Category: News

Australian labour market report shows an enormous beat

Employment Change: +111.0K 
  • expected -35K, prior +119.2k revised from +114.7K

Unemployment Rate: 6.8% 
  • expected 7.7%, prior 7.5%

Full Time Employment Change: +36.2K 
  • prior was +38.9k, revised from +43.5K

Part Time Employment Change: +74.8K  
  • prior was +80.3k, revised from +71.2K

Participation Rate: 64.8% 
  • expected 64.6%, prior was 64.7%
In August Australia's second-largest city, Melbourne, was in a harsh lockdown, much more restrictive than the first lockdown. These results are quite stunning. There will be credulity issues raised. 

 more to come  on a separate post 

Background to this is here:

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