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CBA Look For Employment To Grow Around Recent Trend

AUSTRALIA

CBA note that “the September labour force survey printed softer than expected, with employment essentially flat in the month and the unemployment rate unchanged. We expect employment rose by 15K in October, around the recent trend pace of employment growth. But we expect the unemployment rate ticked up slightly to 3.6% with the participation rate unchanged at 66.6%.”

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CBA note that “the September labour force survey printed softer than expected, with employment essentially flat in the month and the unemployment rate unchanged. We expect employment rose by 15K in October, around the recent trend pace of employment growth. But we expect the unemployment rate ticked up slightly to 3.6% with the participation rate unchanged at 66.6%.”