Australia’s labor market softened noticeably in July, with employment falling -15.8K after a revised 80.2K increase in June, missing expectations for an 11.4K gain. Unemployment rate rose from 4.4% to 4.5%, above 4.4% forecast. Weakness extended beyond headline: participation rate slipped from 67.0% to 66.9%, while employment-to-population ratio fell from 64.0% to 63.9%. Hours worked […]
The post Australia Jobs Fall -15.8K as Unemployment Hits 4.5%, Giving RBA More Evidence of Slowdown appeared first on ActionForex.
