16 Jan 2014
Dismal Australian employment figures, full time job losses a worry
FXstreet.com (Bali) - The Australian employment change for December came at -22.6K vs 10K expected and 21K last, with the jobless rate at 5.8% vs 5.8% expected and 5.8% last. In terms of full time employment change, December saw -31.6K vs +15.5K last, with part-timers +9K vs +5.5K last. The participation rate came at 64.6% vs 64.8% exp and 64.8% last.
The data is a big blow for the Australian economy, which continues to see large numbers of full-time jobs being lost. The 30+K deviation between what was expected and the actual data was only balanced out by an increase in part-time jobs over the summer period. The participation rate saw also a decrease of 0.2%, which is discouraging.
The data is a big blow for the Australian economy, which continues to see large numbers of full-time jobs being lost. The 30+K deviation between what was expected and the actual data was only balanced out by an increase in part-time jobs over the summer period. The participation rate saw also a decrease of 0.2%, which is discouraging.