ONLY CHARTS is only available to paid subscribers.
A 7-day free trial is available below. Group discounts are available here.
Antipodean Macro’s in-depth research is available here.
An OK Aussie labour market report for October accompanied by a collective sigh of relief at the RBA. The unemployment rate ticked lower as anticipated following the 0.2ppt rise in September. Employment growth was stronger than expected but has been soft overall in recent months.
1. Australia’s unemployment rate fell 0.11ppts to 4.34% in October.
Measured employment rose +42.2k m/m in October, resulting in a slight rise in the employment-to-population ratio to 64.05%, though it remained below mid-year levels.
The participation rate was unchanged at 66.95%.
2. The RBA have pencilled in ~4.35% for their Q4 quarter-average unemployment rate forecast so it is currently tracking on target.
Keep reading with a 7-day free trial
Subscribe to Antipodean Macro to keep reading this post and get 7 days of free access to the full post archives.