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Australia's August seasonally adjusted participation rate rises to 67.1%, above expectations
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Australia's seasonally adjusted labor force participation rate for August came in at 67.1%, according to data from the Australian Bureau of Statistics. This figure exceeded the market expectation of 66.9% and was also higher than the previous month's revised rate of 66.9%. The participation rate measures the proportion of the working-age population that is either employed or actively looking for work. The higher-than-expected reading suggests a slight increase in labor market engagement during the month. The data was reported by financial data provider Jin10.
Source report
- Actual: 67.1%
- Forecast: 66.90%
- Previous: 66.90%
The seasonally adjusted employment participation rate in Australia for August came in at 67.1%, exceeding both the market expectation and the prior month's reading of 66.90%.
Source
金十数据Neutral / independent