SYDNEY (Reuters) – Australian employment missed forecasts in October to end four straight months of outsized gains, though the jobless rate held steady and underlying trends in the labour market remained resilient.
Figures from the Australian Bureau of Statistics on Thursday showed net employment rose 15,900 in October from September, when they jumped 61,300. That was just under market forecasts for a 25,000 rise, while annual jobs growth still ran at a strong 2.7%.
The jobless rate held at 4.1%, while the participation rate edged down to 67.1% from an all-time high of 67.2%.