Seeking Alpha

Australia adds 14.5K jobs in September vs. 5K consensus, and -8.8K previously. The unemployment...

Australia adds 14.5K jobs in September vs. 5K consensus, and -8.8K previously. The unemployment rate unexpectedly jumps to 5.4% from 5.1%, thanks to a 0.2 percentage point increase in the labor force participation rate to 65.2%. Focusing on the job gains, the aussie shoots 40 pips higher to $1.0264. Shares in Sydney cut their losses, now -0.3%.
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