Beats on the jobless rate and jobs added. Yesterday showed strong wage growth too.
The survey was taken between 28 November and 11 December, prior to the Omicron outbreak.
4.2% is the lowest for unemployment since 2008.
- Hours worked +1%m/m.
- Underemployment 6.6% vs 7.5% in the prior report
Both CBA and WPAC are tipping RBA rate hikes this year now (WPAC forecast link is below). Strong jobs growth, strong wages growth. Waiting for the CPI report now (due on January 25)
Earlier re Australia: