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MNI BRIEF: Aussie Unemployment Holds, Employment Weakens

MNI (SYDNEY) - The unemployment rate remained at 4.1% in October, while the economy added 15,914 jobs, lower than the 25,000 market estimate, data released by the Australian Bureau of Statistics showed Thursday. 

The Reserve Bank of Australia expects unemployment to reach 4.3% by the December quarter. (See MNI POLICY: Strong Jobs Growth Still Compatible With RBA Cuts)

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MNI (SYDNEY) - The unemployment rate remained at 4.1% in October, while the economy added 15,914 jobs, lower than the 25,000 market estimate, data released by the Australian Bureau of Statistics showed Thursday. 

The Reserve Bank of Australia expects unemployment to reach 4.3% by the December quarter. (See MNI POLICY: Strong Jobs Growth Still Compatible With RBA Cuts)

Keep reading...Show less