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11 Dec 2014
Australian jobs beat estimates, part-time driven
FXStreet (Bali) - Australian employment figures came above market expectations, with the headline total change coming at 42.7K vs 15k exp and 24.1k last.
Additional headlines
Australia Participation Rate came in at 64.7%, above forecasts (64.6%) in November
Australia Fulltime employment down to 1.8K in November from previous 33400
Australia Unemployment Rate s.a. in line with forecasts (6.3%) in November
Australia Employment Change s.a. above expectations (15K) in November: Actual (42.7K)
Australia Part-time employment: 40.8k (November) vs -9300
Nov key points - ABS
TREND ESTIMATES (MONTHLY CHANGE)
Employment increased to 11,613,900.
Unemployment increased to 775,400.
Unemployment increased by less than 0.1 pts to 6.3%.
Participation rate remained steady at 64.6%.
Aggregate monthly hours worked decreased 1.8 million hours to 1,606.1 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)
Employment increased 42,700 to 11,637,400. Full-time employment increased 1,800 to 8,059,400 and part-time employment increased 40,800 to 3,578,000.
Unemployment increased 4,700 to 777,700. The number of unemployed persons looking for full-time work increased 13,500 to 545,900 and the number of unemployed persons only looking for part-time work decreased 8,800 to 231,700.
Unemployment rate increased by less than 0.1 pts to 6.3%.
Participation rate increased 0.1 pts to 64.7%.
Aggregate monthly hours worked decreased 4.4 million hours (0.3%) to 1 ,610.6 million hours.
LABOUR UNDERUTILISATION (QUARTERLY CHANGE)
Trend estimates: The labour force underutilisation rate increased 0.5 pts to 14.8%.
Seasonally adjusted estimates: The labour force underutilisation rate increased 0.6 pts to 15.0%. The male labour force underutilisation rate increased 0.5 pts to 13.1%. The female labour force underutilisation rate increased 0.7 pts to 17.2%.
Additional headlines
Australia Participation Rate came in at 64.7%, above forecasts (64.6%) in November
Australia Fulltime employment down to 1.8K in November from previous 33400
Australia Unemployment Rate s.a. in line with forecasts (6.3%) in November
Australia Employment Change s.a. above expectations (15K) in November: Actual (42.7K)
Australia Part-time employment: 40.8k (November) vs -9300
Nov key points - ABS
TREND ESTIMATES (MONTHLY CHANGE)
Employment increased to 11,613,900.
Unemployment increased to 775,400.
Unemployment increased by less than 0.1 pts to 6.3%.
Participation rate remained steady at 64.6%.
Aggregate monthly hours worked decreased 1.8 million hours to 1,606.1 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)
Employment increased 42,700 to 11,637,400. Full-time employment increased 1,800 to 8,059,400 and part-time employment increased 40,800 to 3,578,000.
Unemployment increased 4,700 to 777,700. The number of unemployed persons looking for full-time work increased 13,500 to 545,900 and the number of unemployed persons only looking for part-time work decreased 8,800 to 231,700.
Unemployment rate increased by less than 0.1 pts to 6.3%.
Participation rate increased 0.1 pts to 64.7%.
Aggregate monthly hours worked decreased 4.4 million hours (0.3%) to 1 ,610.6 million hours.
LABOUR UNDERUTILISATION (QUARTERLY CHANGE)
Trend estimates: The labour force underutilisation rate increased 0.5 pts to 14.8%.
Seasonally adjusted estimates: The labour force underutilisation rate increased 0.6 pts to 15.0%. The male labour force underutilisation rate increased 0.5 pts to 13.1%. The female labour force underutilisation rate increased 0.7 pts to 17.2%.