Breaking: Australia’s Unemployment Rate arrives at 3.7% in October, Employment Change comes in at 55K

Lallalit Srijandorn FXStreet

The Australia’s Unemployment Rate came in at 3.7% in October, compared with the expectations of 3.7% and the previous figure of 3.6%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday.

Furthermore, the Australian Employment Change arrived at 55K in October, compared with the consensus forecast of 20K and 6.7K jobs addition seen in September.

Market reaction

At the time of press, the AUD/USD pair was up 0.05% on the day at 0.6510.

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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