- Prior was 42.2K
- Full time -56.5K vs +55.3K prior
- Unemployment rate 4.3% vs 4.4% expected (prior 4.3%)
- Participation rate 66.7% vs 67.0% prior
The RBA decision was yesterday but Bullard tipped a more-hawkish stance and the market saw a 33% chance of rate hike as soon as March but we will need to mark that down. Don't let the lower unemployment rate fool you as it came on a sharp decline in participation. If that had held steady, it would have ticked to 4.6%.
