Australian jobs report recap – "stays in comparatively stable well being"

The info is right here from earlier:

• Australian October unemployment fee four.1% (vs. four.1% anticipated)
• AUD/USD little modified after the October employment report confirmed a gentle jobless fee
  • (ps. AUD/USD has slid a bit of since this put up, broadly stronger USD the wrongdoer)

Westpac with the recap, briefly:

Australian labour market stays in
comparatively stable well being

• employment progress slowing broadly in keeping with inhabitants progress
• common hours holding regular
• few indicators that labour demand is
  capitulating to an extent that warrants concern
• labour market
  circumstances stay considerably tight … this isn’t translating to stronger wage inflation pressures
• On stability, at present’s replace will see the RBA proceed to stay centered
  on the dynamics round underlying inflation.

***

Talking of the RBA, we heard from Bullock earlier, not dovish:

• RBA Bullock says charges are restrictive sufficient, staying there till assured on inflation

***

AUD/USD replace:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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