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AUSTRALIA DATA: Uniformly Good News Re Q3 Labour Market

AUSTRALIA DATA

Jobs growth printed higher than expected again in September. Employment rose 64.1k after a downwardly-revised 42.6k in August. The unemployment rate was revised down to 4.1% and held steady at the lower rate in September. The participation rose 0.1pp to 67.2%, a new high. The continued strength in the labour market is likely going to keep the RBA on hold for now.

Australia employment vs hours worked 3m/3m average annualised %

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Jobs growth printed higher than expected again in September. Employment rose 64.1k after a downwardly-revised 42.6k in August. The unemployment rate was revised down to 4.1% and held steady at the lower rate in September. The participation rose 0.1pp to 67.2%, a new high. The continued strength in the labour market is likely going to keep the RBA on hold for now.

Australia employment vs hours worked 3m/3m average annualised %

Keep reading...Show less