Australia: Employment likely to lift by 25k in Oct - TDS

Analysts at TD Securities expect Australian employment to lift by +25k in Oct (mkt +20k).

Key Quotes

“Combined with a slight recovery in the participation rate from 65.4% to 65.6%, could see a tick up in the unemployment rate from the sticker-shock low of 5% back to 5.1%.”

“Seasonals are not all that reliable for October, with last year unusually weak but the prior two years unusually strong, hence there are two-way risks in this report.”