Australia November employment -21.3K vs +20.0K expected

• Prior was 42.2K
• Full time -56.5K vs +55.3K prior
• Unemployment rate 4.3% vs 4.4% expected (prior 4.3%)
• Participation rate 66.7% vs 67.0% prior

The RBA decision was yesterday but Bullard tipped a more-hawkish stance and the market saw a 33% chance of rate hike as soon as March but we will need to mark that down. Don’t let the lower unemployment rate fool you as it came on a sharp decline in participation. If that had held steady, it would have ticked to 4.6%.

This article was written by Adam Button at investinglive.com.