The Australian Bureau of Statistics (ABS) report issued in the Asian session today, Thursday, October 14, showed that the unemployment rate in Australia rose to 4.6% in September, compared to 4.5% in August, but it rose less than expectations that indicated a rise by about 4.8%, with a decline in the rate Participation to 64.5% compared to 65.2%.

The employment rate in Australia declined for the second month in a row, by 138 thousand people, by 1.1% in September, to reach 12,884,600 million people, compared to 146 thousand lost by the sector in August, worse than expectations that indicated the loss of about 108 thousand jobs.
These negative data from the Australian economy reflect the country’s entry into a state of closure more than three months ago to respond to the outbreak of the new Delta strain before it was raised in the city of Sydney, for example, two days ago, after more than 70% of those over the age of 16 received two doses of the vaccine. Meanwhile,

Chinese government data showed a decline in the consumer price index, which measures inflation in China, to 0.7% in September, compared to 0.8% and lower than expectations, which were at 0.9%.

The Australian dollar is trading against the US dollar at levels of 0.7390 this morning, with a slight rise, as the unemployment data came in less than expected, taking advantage of the US dollar’s declines.