Australian jobs report: Jobs K +32.2K (+15K expected) & Unemployment 3.4% (3.6% expected)

Australian economic data Economic Data Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Read this Term - the employment report for October

A solid report.

• Full-time jobs jumped from September while part-time fell (14,900 decline in part-time employment)
• headline jobs added is twice what was the consensus expected
• unemployment rate dropped again (lower participation takes a touch of shine off)

More:

• underemployment rate remained at 6.0%
• underutilisation rate 9.3%, lowest since March 1982
• employment to population stable at 64.3%
• monthly hours worked increased 0.1% to 1,864 million
• youth unemployment rate decreased to 7.5%
• unemployment rate at 3.4% is the lowest since September of 1974

If the RBA was eyeing data they'd see this further tightness in the labour market as a reason to keep on hiking rates. They next meet on December 6 where a +25bp rate hike is expected.