Australia data: Skilled Vacancies for September -0.7% m/m (prev. -0.1%)

A (very) partial indicator for the labour market in Australia.

Down for the 9th month in a row.

The most recent official employment data showed a drop in the unemployment rate:

• Australian employment report: Unemployment rate 5.2% (expected 5.3%, prior 5.3%)

(more on the report is here:

• More on the Australian jobs report and the drop in the unemployment rate

)

The RBA is shooting for an u/e rate of 4.5%. Still a a ways to go and doing so keeps them in easing mode.