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Australia September Jobs +6.7K (vs. +20K expected) & Jobless rate 3.6% (vs. 3.7% exp)

While the number of jobs added during September, at +6.7K, is a disappointment the other 'headline', the unemployment rate, dropped to 3.6% from 3.7%. Due to a big drop in participation, from a record high of 67% in August to 66.7% in September.The split between full- and part-time employment change is ugly:full-time nearly -40K, this is worse than it looks given the prior month was only +2.8Kpart-time +46.5Khours worked fell 0.4% m/m (to be -0.9% for the quarter)---Published at the same time wa...
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Posted: Oct 19 2023, 00:30
Author Name: forexlive
Views: 082368