Australian Unemployment Falls to Lowest Rate in Almost 50 Years - TRADERS COMMUNITY
Australia saw stronger than expected employment in October driving unemployment to 3.4 per cent, the equal lowest rate in almost 50 years, according to the latest jobs data from the Australian Bureau of Statistics. Employment grew by 32,200 well ahead of consensus for 15,000 to a new record high of 13.62 million. Australia has very tight labor market conditions, demand is being met by adjusting hours. The latest jobs report followed yesterday’s September quarter wages figures showed a marked uptick … Continue reading "Australian Unemployment Falls to Lowest Rate in Almost 50 Years"
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### Response: Australia saw stronger than expected employment in October driving unemployment to 3.4 per cent, the equal lowest rate in almost 50 years, according to the latest jobs data from the Australian Bureau of Statistics. Employment grew by 32,200 well ahead of consensus for 15,000 to a new record high of 13.62 million. Australia has very tight labor market conditions, demand is being met by adjusting hours. The latest jobs report followed yesterday’s September quarter wages figures showed a marked uptick … Continue reading "Australian Unemployment Falls to Lowest Rate in Almost 50 Years"