Jobs numberwang lands on boom!

The Australia Bureau of Numberwang is out with the October Labour Force report and the pin has landed on boom:

TREND ESTIMATES (MONTHLY CHANGE)

• Employment increased to 11,589,000 from a revised September 2014 estimate.
• Unemployment increased to 768,700.
• Unemployment rate remained steady at 6.2% from a revised September 2014 estimate.
• Participation rate remained steady at 64.6%.
• Aggregate monthly hours worked increased 0.4 million hours to 1,607.9 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

• Employment increased 24,100 to 11,592,200 from a revised September 2014 estimate. Full-time employment increased 33,400 to 8,058,500 and part-time employment decreased 9,400 to 3,533,700.
• Unemployment increased 7,100 to 772,100. The number of unemployed persons looking for full-time work decreased 10,900 to 532,100 and the number of unemployed persons only looking for part-time work increased 18,100 to 240,000.
• Unemployment rate remained at 6.2% from a revised September 2014 estimate.
• Participation rate increased 0.1 pts to 64.6%.
• Aggregate monthly hours worked increased 24.9 million hours (1.6%) to 1 ,614.4 million hours.

Sort of boom, anyway. 24k jobs versus 20k expected. Not much else to say. Trend remains firmly up for unemployment. The Aussie managed a muted 5 pip rise, though rose into the release. Detailed post to come.