AUD: Labour force data was a relative non-event - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that today’s Aussie labour force was a relative non-event.

Key Quotes

“Jobs were up by 10.8K vs. 12K expected, unemployment ticking down to 5.7%, and yet full-time jobs shrinking 9.3K while part-time soared 20.2K (continuing the shift from iron ore to the ‘iron abs’ of self-employed fitness instructors, who don’t generally buy many very, very expensive houses on what they earn).”