From Forexlive:
- The ABS has concluded that the seasonal pattern previously evident for the July, August and September labour force estimates is not apparent in 2014
- This assessment was made while preparing labour force estimates for September 2014 and relates to all seasonally adjusted labour force estimates other than the aggregate monthly hours worked series
- As there is little evidence of seasonality in the July, August and September months for 2014, the ABS has decided that for these months the seasonal factors will be set to one (reflecting no seasonality)
- This means the seasonally adjusted estimates (other than for the aggregate monthly hours worked series) for these months will be the same as the original series and this will result in revisions to the previously published July and August seasonally adjusted estimates.
- ABS previously reported original employment rose 32,100 in August, compared to seasonally adjusted increase of 121,000
- ABS previously reported original employment fell 11,900 in July, compared to seasonally adjusted fall of 4,100
Ont the whole, negative.
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