Australia January labour market report - mixed with u/e up but so is employment, full-time, and the participation rate

Employment Change: +13.5K for a beat

  • expected 10K, prior 28.9 K

Unemployment Rate: 5.3% …. uh-oh ….. the RBA want this rate to be falling, not rising.

  • expected 5.2%, prior 5.1%

Full Time Employment Change: +46.2K - a positive from these results

  • prior was -0.3K

Part Time Employment Change: -32.7K

  • prior was 29.2K

Participation Rate: 66.1% … this might soften the blow of the rising unemployment rate somewhat

  • expected 66.0%, prior was 66.0%

More:

  • Underemployment rate up 0.3% to 8.6%

more to come - posted separately