Australia August Employment Change: +34.7K (vs. expected 15K), U/e rate 5.3% (5.2% expected)
Those two above are the 'headline' figures for the Australian employment report
Employment Change, +34.7K .... good beat
- expected 15K, prior 41.1K
Unemployment Rate, 5.3% .... comes in at a miss
- expected 5.2%, prior 5.2%
Full Time Employment Change, -15.5K - will take some of the gloss off the jobs growth result
- prior was 34.5K
Part Time Employment Change, +50.2K
- prior was 6.7K
Participation Rate, 66.2% - job market growth attracting more into the labour market - this a record participation rate which should take some of the sting out of the u/e rate increase
- expected 66.0%, prior was 66.1%
More, trend figures etc. (the above are the 'seasonally adjusted data, which the market pays immediate attention to):
- trend unemployment 5.3%
- trend participation rate 66.2
- trend monthly employment increased by around 22,000
- Full-time employment increased by just over 7,000
- part-time employment increased by an estimated 15,000
- trend monthly hours worked increased by 0.1%
- trend monthly underemployment rate 8.5%
- trend underutilisation rate increased by 0.2 percentage points over the past year, comes in at 13.8%
more to come
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Reprinted from Forexlive，the copyright all reserved by the original author.
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