Australia Oct employment up surprisingly strong 32,200 & More Trending News


SYDNEY, Nov 17 (Reuters) – Australia’s jobless fee matched five-decade lows in October as employment climbed by double market forecasts, an indication it’ll take additional will increase in rates of interest to loosen the drum-tight labour market.

Figures from the Australian Bureau of Statistics on Thursday confirmed web employment rose 32,200 in October from September, after they fell a revised 3,800. That got here as a shock to many analysts who had seemed for a achieve of solely 15,000.

The jobless fee dipped to three.4%, from 3.5%, once more beating forecasts of a slight rise, whereas hours labored rebounded by a strong 2.3% as fewer folks than regular took go away within the month.

Reporting by Wayne Cole; Editing by Jacqueline Wong

Our Standards: The Thomson Reuters Trust Principles.

Australia Oct employment up surprisingly strong 32,200

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Australia Oct employment up surprisingly strong 32,200

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Australia Oct employment up surprisingly strong 32,200

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