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ANZ: Payrolls Indicate A Weaker Labour Market Report

AUSTRALIA

ANZ note that “payroll jobs declined 0.5% between September and October, based on the LFS survey reference periods. This suggests some weakness in the October labour market data, despite employment indicators remaining very strong. We expect employment to fall by 20K, participation to decline 0.1ppt and unemployment to edge up to 3.6%.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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