Australia to revise jobs data, may cut August surge
[SYDNEY] Australia's official statistician is making changes to employment figures for the past three months that, on the face of it, would show far fewer jobs created in August than first reported.
The Australian Bureau of Statistics (ABS) on Wednesday said it would restate employment figures to account for an absence of seasonal patterns usually seen in July, August and September.
The September data is due on Thursday and analysts had been expecting a sizable fall of 30,000 in seasonally adjusted employment as statistical payback for a record 121,000 increase in August. The August figure had been so far above expectations that analysts had doubted its credibility. - Reuters
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin