Australia Oct Labor Data Dovish for RBA Dec Meeting
By Sophia Rodrigues
Published On 14 Nov 2019 , 12:00 AMAustralia's unemployment rate rose to 5.3% in October from 5.2%, due to 19,000 fall in employed numbers. This was first fall in employed numbers since May 2018 and only the second drop since Sep 2016. That's how strong the labor market has been in the last three years or should we say five years. It is rare in recent years to see rise in unemployment rate when participation rate declines (66.0% from 66.1%). The last time this happened was in Feb 2018 and before that in May 2014. This is the most worrying bit of the overall weak labor force data for October, and one that would have implications for RBA's Dec cash rate decision.
LATEST SNIPPETS
Australia's 2031 bond syndication may hit record orderbook
Orderbook for the Australian government's 1% 21 November 2031 bond issue may hit a record high, likely surpassing...
Published on : 25 Aug 2020 , 04:57 PMRBA buying A$2B of April 2023, 2024 again
The RBA remains determined to keep 3-year Australian government bonds near its 0.25% target, offering to bu...
Published on : 13 Aug 2020 , 11:29 AMRBA shows more determination to keep 3-year AGS at 0.25% target
The RBA appears very determined to ensure 3-year Australian government bonds stays near its 0.25% target, doubling th...
Published on : 12 Aug 2020 , 11:33 AMRBA buys A$1.0B govt bonds but 2023 yld still slightly above 0.25%
The RBA bought A$1.0 billion of Australian government bonds at the third bond-buying auction since last Wednesday but...
Published on : 10 Aug 2020 , 03:56 PMRBA focuses on Nov 2022 bond at auction but yield still higher than 2023
At the bond-buying auction today, the RBA focused much of its purchases on the November 2022 government bond, spendin...
Published on : 06 Aug 2020 , 04:51 PMRBA to buy AGS for second straight day
The RBA has announced bond-buying via auction for the second consecutive day, keeping the notified amount unchanged a...
Published on : 06 Aug 2020 , 11:42 AMWeighted average yield at RBA's 2023 bond-buying 0.2575%
The RBA bought A$500 million of 5.5% April 2023 Australian government bonds on Wednesday at a cut-off of 0.2525% and...
Published on : 06 Aug 2020 , 09:02 AMRBA buying only A$500m of one bond line -- April 2023
The RBA is buying A$500 million of April 2023 government bonds as part of its bond-buying program which it resumed We...
Published on : 05 Aug 2020 , 12:45 PMAOFM raises A$15B from sale via syndication of new 2051 bond
The Australian government has raised $15 billion from the sale of the new 1.75% June 2051 bond via syndication,...
Published on : 28 Jul 2020 , 11:58 AMAustralia's 2030 bond syndication record likely unbeaten
It appears Australia's A$19 billion debt syndication for the 2030 bond in May will remain a record, with whi...
Published on : 14 Jul 2020 , 10:46 AM