Lockdowns hit in October jobs report; “solid rebound” expected in November

11 November 2021

 

Summary: Total employment falls by 46,300 in October, fall in contrast with +50,000 expected; “solid rebound” expected in November, although jobless rate may rise on higher participation rate; the impact from Victorian lockdown in October data; survey period excludes Victorian reopening, includes only partial reopening in New South Wales; participation rate rises by 0.2ppt to 64.7%; more jobseekers not fully offset by larger available workforce, sends jobless rate to 5.2%;...

read full story