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Australian Oct jobs: Stellar figures all around

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - Australia published stellar employment figures for the month of October, with the ABS reporting an increase in employment jobs change by 58.6k (seasonally adjusted).

    Full-time jobs came in at 40k vs -10.4k last, while part-time saw a jump of 18.6k. Australian unemployment rate ticked down to 5.9% vs 6.2% expected and 6.2% last, with the participation rate at 65% vs 64.9% exp and 64.9% last.

    October key figures


    Employment increased to 11,815,400.
    Unemployment decreased to 764,900.
    Unemployment rate remained steady at 6.1%.
    Participation rate remained steady at 65.0%.
    Monthly hours worked in all jobs increased 5.7 million hours to 1,647.1 million hours.


    Employment increased 58,600 to 11,838,200. Full-time employment increased 40,000 to 8,171,600 and part-time employment increased 18,600 to 3,666,600.
    Unemployment decreased 33,400 to 739,500. The number of unemployed persons looking for full-time work decreased 30,300 to 526,300 and the number of unemployed persons only looking for part-time work decreased 3,100 to 213,200.
    Unemployment rate decreased 0.3 pts to 5.9%.
    Participation rate increased 0.1 pts to 65.0%.
    Monthly hours worked in all jobs increased 19.1 million hours (1.2%) to 1,660.4 million hours.
    For more information, read our latest forex news.

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