Australian September unemployment rate 4.5% (expected 4.3%)

Australian labour market report

Unemployment Rate 4.5% – an ugly result that’ll reignite expectations for an RBA rate cut on November 4.

• expected 4.3%, prior 4.2%

Employment Change +14.9K

• expected +17K, prior -5.4K

Participation Rate 67.0%, a higher result will take a little of the sting out of the jump in unemployment

• expected 66.8%, prior 66.8%

Part-Time Employment +6.2K

• prior +35.5K

Full-Time Employment +8.7K

• prior -40.9K

more to come

This article was written by Eamonn Sheridan at investinglive.com.