Australia Employment Unexpectedly Drops in October; Dollar Falls
Thursday, 14 November 2019 08:33 WIB | ECONOMY |Ekonomi Australia

Australian employment unexpectedly declined in October, rekindling the prospect for additional interest-rate reductions and sending the local currency lower.

Jobs fell 19,000 from September, compared with economists™forecast of a 15,000 gain; the unemployment rate increased to 5.3% versus an estimated 5.2%.

Full-time positions declined by 10,300; part-time roles fell 8,700. Participation rate dropped to 66%; est. 66.1%

The Aussie dollar slipped to 68.11 U.S. cents at 11:33 a.m. in Sydney from around 68.38 pre-data.

Source: Bloomberg

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