The data is here from earlier: Australia September Employment Change: +19.8K (expected 15.0K)
And then, this: Responses to Australian jobs report coming through
More now, this a quickie via Westpac:
- Overall, the result is another solid employment release, in line with what forward indicators have been suggesting. While the lower unemployment rate is a good outcome, declining to a four-year low, note that labour market slack still lingers, evident in other measures such as the underemployment rate (8.6% in August - released quarterly) and ongoing sluggish wage growth.
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Note on the underemployment rate ... as Westpac say data updates on this are released quarterly only, we got one in August so there was no update today, next is in November.
