October unemployment is out and the headline number continues to defy expectations, staying flat at 5.4% no change on last month, expected was 5.5%:
Full time jobs were up 18.7K, last month was 32.1K revised up to 34.5K. Part time jobs were down was -8K, last was -17.7K, revised down to -19K
The participation rate is down to 65.1% from 65.2%:
AUD/USD spiked about 20 pips on the release, still down 60 pips from yesterdays high.
More to come from the Unconventional Economist.
