November 14, 2024 at 12:30AM
The latest Labour Force report from the Australian Bureau of Statistics, for October 2024.
Employment +15.9k
expected +25.0k, prior +64.1k
Unemployment Rate 4.1%
expected 4.1%, prior 4.1%
Participation Rate 67.1%
expected 67.2%, prior 67.2%
Full Time Employment +9.7k
prior +51.6k
A slightly softer employment report than we are accustomed to. Not a bad one. But a miss for jobs added, and the participation rate saw a tic knocked off.
More:
employment to population ratio remained at 64.4%
underemployment rate decreased to 6.2%
monthly hours worked increased to 1,972 million.
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
Australian October unemployment rate 4.1% (vs. 4.1% expected)