<p class="western"> Australian economic data – the employment report for October </p><p>A solid report. </p><ul><li>Full-time jobs jumped from September while part-time fell. </li><li>headline jobs added is twice what was the consensus expected</li><li>unemployment rate dropped again (lower participation takes a touch of shine off) </li></ul><p>more to come</p><ul><li>underemployment rate remained at 6.0%</li><li>underutilisation rate 9.3%, lowest since March 1982</li><li>monthly hours worked increased 0.1% to 1,864 million</li><li>youth unemployment rate decreased to 7.5%</li><li>unemployment rate at 3.4% is the lowest since September of 1974</li><li></li><li></li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
