Daily Commentary BY THE CURVE TEAM –

Daily Insights – Employment Numbers Outdated

12 November, 2021

Employment Outdated

  • Employment dropped 46 300 in October.
  • As the participation rate ticked up 0.1% points to 64.7%, unemployment rose to 5.2% from 4.6%.
  • Hours worked were down 0.1%.
  • The timing of the survey pre-dated the reopening in NSW, VIC and ACT.
  • More recent payrolls for the two weeks to October 16 showed stronger numbers.

T Notes

  • Two maturities were issued, for 11 February 2022 and 22 April 2022.
  • The February issue had a highest bid of 0.04% and the April issue had a highest issue of 0.085%.

Josh Stewart

Associate - Money Markets