Robert Carnell, chief economist at ING, notes that Australia’s headline employment figure showed a much larger than expected 19 thousand decline in October against a consensus expectation for a 15 thousand increase (INGf +30K). Key Quotes “Sometimes, this weakness can be shrugged off as reflecting volatility in the part-time sector. Not this time. Full-time employment was down 10.3K and made worse by further falls in part-time employment too (-8.7K).” “The unemployment rate has been oscillating around 5.2/5.3% for some months. And this can often be put down to noise in the labour force data and participation rates. This time, the unemployment rate was largely driven by…rises in unemployment.” “The unemployment count rose by 17 thousand in October. Meanwhile, participation in the labour force actually dropped, so the rise in the unemployment numerator was divided by a smaller labour force denominator. There was only one way the unemployment rate was going after those movements, and that was up.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Technical Analysis: 200-day SMA, 1.3290/95 question further upside FX Street 3 years Robert Carnell, chief economist at ING, notes that Australia's headline employment figure showed a much larger than expected 19 thousand decline in October against a consensus expectation for a 15 thousand increase (INGf +30K). Key Quotes "Sometimes, this weakness can be shrugged off as reflecting volatility in the part-time sector. Not this time. Full-time employment was down 10.3K and made worse by further falls in part-time employment too (-8.7K)." "The unemployment rate has been oscillating around 5.2/5.3% for some months. And this can often be put down to noise in the labour force data and participation rates. This time, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
