Australian October unemployment price four.1% (vs. four.1% anticipated)

The newest Labour Drive report from the Australian Bureau of Statistics, for October 2024.

Employment +15.9k

• anticipated +25.0k, prior +64.1k

Unemployment Charge four.1%

• anticipated four.1%, prior four.1%

Participation Charge 67.1%

• anticipated 67.2%, prior 67.2%

Full Time Employment +9.7k

• prior +51.6k

A barely softer employment report than we’re accustomed to. Not a nasty one. However a miss for jobs added, and the participation price noticed a tic knocked off.

Extra:

• employment to inhabitants ratio remained at 64.four%
• underemployment price decreased to six.2%
• month-to-month hours labored elevated to 1,972 million.

extra to come back

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



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