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Aust Dec Labour Force - ends 2019 on a strong note
The Labour Force Survey surprised again in December with a solid 28.9k gain in total employment following a solid 38.5k gain in November (revised from 39.9k). The market median forecast was 10k (a below trend estimate) with Westpac forecasting a fall of –5k. The gain in November and December has boosted the annual pace which has lifted from 2.0% in November to 2.1% in December. In addition, the six month annualised pace has also lifted from 1.6%yr in October to 2.0%yr in December. Looking through the monthly volatility in the last three months the average monthly gain lifted from 9.0k in October to 9.1k in November ... (full story)