While the number of jobs added during September, at +6.7K, is a disappointment the other ‘headline’, the unemployment rate, dropped to 3.6% from 3.7%. Due to a big drop in participation.
The split between full- and part-time employment change is ugly:
- full-time nearly -40K
- part-time +46.5K
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Published at the same time was the National Australia Bank quarterly business survey:
Business Confidence in Q3 came in at -1
- prior -4
This article was written by Eamonn Sheridan at www.forexlive.com.
