Breaking: Australia’s Unemployment Rate arrives at 3.7% in October, Employment Change comes in at 55K

The Australia’s Unemployment Rate came in at 3.7% in October, compared with the expectations of 3.7% and the previous figure of 3.6%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday.

Furthermore, the Australian Employment Change arrived at 55K in October, compared with the consensus forecast of 20K and 6.7K jobs addition seen in September.

Market reaction

At the time of press, the AUD/USD pair was up 0.05% on the day at 0.6510.