Australian October employment +55K, smashing the +20K estimate ...Middle East

The bulk in the +55K gain in jobs was part-time, which will take some of the heat out the headline.Nevertheless it points to still strong demand for labour and keeps wage pressures on the simmer. Unemployment rate 3.7% as expected, despite a higher participation rateIt won;t be long until thoughts turn to this number hinting at the Reserve Bank of Australia December 5 meeting being live. This article was written by Eamonn Sheridan at www.forexlive.com.

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Australian October employment +55K, smashing the +20K estimate ...Middle East

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