Australia employment rose 32.2k in October, above expectation of 15.0k. Unemployment rate dropped from 3.5% to 3.4%, below expectation of 3.5%. Participation rate was unchanged at 66.5%. Monthly hours worked in all jobs rose 2.3% mom. “Although employment in seasonally adjusted terms rose 0.2 per cent in October 2022, the underlying trend estimate was monthly […]
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