Australian jobs report: Employment Change: -138K (vs. expected -120K)

Australian employment report for September  Employment Change: -138K for a missUnemployment Rate: 4.6% for a beat but above the previous month Full-Time Employment Change: +26.7K  prior was -68K Part-Time Employment Change: -164.7K  prior was -78.2K Participation Rate: 64.5% ... this (very big) drop helps to explain the unemployment rate not being as bad as was expected  expected 64.7%  prior was 65.2% Total hours worked are up, +15m hours  Number of people employed is back around where it was in December 2020 and back beneath its pre-pandemic level.  0.9% below pre-pandemic peak down 2.2% over the past two months  AUd is little changed. Economic bounce back is expected as the states of NSW and Vcitoria, just under 50% of the Australian population gradually reopen in the weeks ahead.   more to come    --- Background here: Invest in yourself. See our forex education hub.

Australian jobs report: Employment Change: -138K (vs. expected -120K)

Australian employment report for September 

Employment Change: -138K for a miss
Unemployment Rate: 4.6% for a beat but above the previous month 
Full-Time Employment Change: +26.7K 
  • prior was -68K

Part-Time Employment Change: -164.7K 
  • prior was -78.2K

Participation Rate: 64.5% ... this (very big) drop helps to explain the unemployment rate not being as bad as was expected 
  • expected 64.7% 
  • prior was 65.2%

Total hours worked are up, +15m hours 

Number of people employed is back around where it was in December 2020 and back beneath its pre-pandemic level. 

  • 0.9% below pre-pandemic peak
  • down 2.2% over the past two months 

AUd is little changed. Economic bounce back is expected as the states of NSW and Vcitoria, just under 50% of the Australian population gradually reopen in the weeks ahead. 

 more to come   

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Background here:


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