Job market in “relatively solid health”; jobless rate steady at 4.1%

14 November 2024

 

Summary:  Employment up 15,900 in October, less than expected; Westpac: job market in relatively solid health, becoming more balanced; short-term ACGB yields slip, longer-term yields rise; rate-cut expectations soften, Feb cut unlikely; Citigroup: labour market remains tight; participation rate declines to 67.1%; jobless rate steady at 4.1%; more part-time jobs, full-time jobs; aggregate work hours up 0.1%; underemployment rate falls to 6.2%. Australia’s period of falling unemployment came to an...

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