FX & CFD trading involves significant risk
The Australian Bureau of Statistics (ABS) released the labour market data today. The unemployment rate rose to 6.1% in September from 6.0% in August, beating expectations for an increase to 6.2%. August's figure was revised from 6.1%.
The number of employed people in Australia declined by 29,700 in September, missing expectations for a decrease by 29,600, after a rise by 32,100 in August. August's figure was revised down from an increase by 121,000.
The participation rate declined to 64.5% in September from a downwardly revised 64.7% in August.
The ABS said on Wednesday that there were problems with its July and August employment data and it would revise its July and August jobs data.
The ABS removed the adjustment for July and August jobs data.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.