Jobs fall clouds rate cut picture

15 September 2016

 

Australia’s employment rate dropped unexpectedly in August but the news is not something the financial markets received as being a positive. The ABS released August employment estimates which indicated the total number of people employed in Australia in either full-time or part-time work fell by 3900 during the month, less than the market expectation of +15,000. Somewhat surprisingly, the unemployment rate also fell, from 5.7% to 5.6% but this anomaly...

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