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