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15 Jan 2015
Australia publishes blockbuster jobs report
FXStreet (Bali) - Australia employment change s.a. came in at 37.4K, above forecasts (3.8K) in December, with the unemployment rate s.a. at 61% vs forecasts (6.3%). Fulltime employment rose from previous 1.8K to 41.6K, while part-time employment declined to -4.2K from previous 40.8K. Participation rate came in at 64.8%, above forecasts (64.7%).
Nov key points
REND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,646,800. Unemployment increased to 770,900 from a revised November 2014 estimate. Unemployment remained steady at 6.2% from a revised November 2014 estimate. Participation rate remained steady at 64.7% from a revised November 2014 estimate. Aggregate monthly hours worked decreased 1.8 million hours to 1,602.0 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment increased 37,400 to 11,679,400. Full-time employment increased 41,600 to 8,105,300 and part-time employment decreased 4,100 to 3,574,100. Unemployment decreased 16,200 to 759,200. The number of unemployed persons looking for full-time work increased 6,000 to 551,500 and the number of unemployed persons only looking for part-time work decreased 22,300 to 207,700. Unemployment rate decreased 0.1 pts to 6.1% from a revised November 2014 estimate. Participation rate increased less than 0.1 pts to 64.8%. Aggregate monthly hours worked decreased 7.7 million hours (0.5%) to 1 ,597.8 million hours.
Nov key points
REND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,646,800. Unemployment increased to 770,900 from a revised November 2014 estimate. Unemployment remained steady at 6.2% from a revised November 2014 estimate. Participation rate remained steady at 64.7% from a revised November 2014 estimate. Aggregate monthly hours worked decreased 1.8 million hours to 1,602.0 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment increased 37,400 to 11,679,400. Full-time employment increased 41,600 to 8,105,300 and part-time employment decreased 4,100 to 3,574,100. Unemployment decreased 16,200 to 759,200. The number of unemployed persons looking for full-time work increased 6,000 to 551,500 and the number of unemployed persons only looking for part-time work decreased 22,300 to 207,700. Unemployment rate decreased 0.1 pts to 6.1% from a revised November 2014 estimate. Participation rate increased less than 0.1 pts to 64.8%. Aggregate monthly hours worked decreased 7.7 million hours (0.5%) to 1 ,597.8 million hours.