The September employment report post is here:
AUD response:
More from the report, these the 'trend figures which, th4 ABS tells us, are abetter guide than the seasonally adjusted numbers (reported in the first post and the immediate focus for the spot FX market) :
- Australia's trend unemployment rate remained steady at 5.3%
- trend participation rate at 66.2% also steady
- trend monthly employment increased by around 20,200
- Full-time employment increased by about 9,000
- part-time employment increased by about 11,300
- Over the past year, trend employment increased by about 300,000 people (2.4 per cent), which continued to be above the average annual growth over the past 20 years (2.0 per cent). Full-time employment increased by 2.1 per cent and part-time employment increased by 2.9 per cent over the past year.
trend monthly hours worked increased by 0.1 per cent in September 2019 and by 1.8 per cent over the past year. This was slightly above the 20 year average year-on-year growth of 1.7 per cent. - trend monthly underemployment rate remained steady at 8.4% … an increase of 0.1 percentage points over the past year
- The trend monthly underutilisation rate remained steady at 13.7 per cent, an increase of 0.2 percentage points over the past year.
AUD update:
