Feb 7, 2013
Australia labour data rises 10.4K, but 10K full-time jobs lost
Australia employment change came upbeat this time, rising by 10.4K vs 6K expected - but almost all due to part time jobs - with the unemployment rate at 5.4%. On the flip side, full time jobs fell 9,800. Participation was pretty much as expected, at 65% vs 65.1%. Meanwhile, in a parallel publication, the NAB business confidence (4Q) came in at -5 vs -4 in the previous quarter.