Australia's jobless rate steady but full-time employment slumps


As expected, Australia's unemployment rate held steady at 5.7% in October.

Employment rose by 1,100 workers, down from +3,300 in September and way below expectations of +10,000.

Full-time employment slumped by 27,900 vs -1,800 prior, while part-time employment increased by 28,900 vs a rise of 5,200.

The jobs report "keeps that easing bias in place," says economist Michael Blythe, who was referring to the Reserve Bank of Australia's monetary policy.

The AUD-USD is -0.4% to $0.9486, while the S&P/ASX 200 is -0.2%. (PR)

ETFs - Stocks: EWA, EWAS, KROO, AUSE, FAUS. Bonds: AUD, AUNZ. Currency: FXA, GDAY, CROC.

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