MNI China Daily Summary: Monday, July 29

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CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

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MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Aug Unemployment Rate Lower; Employment Increases

AUSTRALIA DATA
MNI (Singapore)
  • Australia employment increased 111,000 to 12,583,400 people in August.
  • August unemployment rate decreased 0.7 pts to 6.8%.
  • August participation rate increased by 0.1 pts to 64.8%.
  • "Employment rose almost 1% but hours worked rose by a more modest 0.1%," "Bjorn Jarvis, head of Labour Statistics at the ABS, said
  • "The weaker increase in hours worked has also been reflected in the strength of the increase in part-time employment between May and August, which has been almost eight times greater than the increase in full-time employment," he added
  • In original terms most of the employment growth in August was people employed as non-employees (mainly owner managers of enterprises without employees), with the number of employees remaining relatively similar to July.
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