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Australia's jobs take a hit in Sept, but full time jobs solid

FXStreet (Bali) - Australia's employment change for the month of September came at -29,700 vs 20,000 exp and 32,100 last (from 121k), with the jobless rate coming at 6.1% vs 6.2% exp and 6.0% last (from 6.1%). Full time employment rose by 21,600 vs -79,300 last (from 14,300), with part time at -51,300. The participation rate was 64.5% vs 64.8% exp and 65.2% last.

Key Quotes

REVISED SEASONALLY ADJUSTED SERIES: The seasonal pattern previously evident for the July, August and September months is not apparent in 2014. The seasonal factors for these months have been set to one resulting in revised seasonally adjusted estimates. For details see pages 4-7.

TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,604,900. Unemployment increased to 745,500. Unemployment rate remained steady at 6.0%. Participation rate remained steady at 64.6%. Aggregate monthly hours worked decreased 1.4 million hours (0.1%) to 1,604.2 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment decreased 29,700 to 11,592,500. Full-time employment increased 21,600 to 8,028,900 and part-time employment decreased 51,300 to 3,563,600. Unemployment increased 11,000 to 746,600. The number of unemployed persons looking for full-time work increased 6,600 to 525,700 and the number of unemployed persons only looking for part-time work increased 4,400 to 220,800. Unemployment rate increased 0.1 pts to at 6.1% from a revised August 2014 estimate. Participation rate decreased 0.2 pts to 64.5%. Aggregate monthly hours worked decreased 15.0 million hours (0.9%) to 1 ,591.3 million hours.

Australia Part-time employment fell from previous 106700 to -51300 in September

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