Australia's employment data for November 2024 shows a strong performance in the job market, with several important highlights:
Job Creation: In November, 35,600 more people found jobs, which is a big increase compared to only 12,100 jobs added in October and higher than the expected 25,000 new jobs. This brings the total number of employed Australians to about 14.54 million people .
Unemployment Rate: The unemployment rate dropped to 3.9%, down from 4.1% in October. This was lower than the expected increase to 4.2% and marks the lowest rate since March 2024.
Participation Rate: The percentage of people in the labor force went down slightly to 67.0%, from 67.1% in the previous month
Full-Time vs. Part-Time Employment: Full-time jobs increased by 52,600, while part-time jobs decreased by 17,000 compared to October
These positive employment figures have led to the Australian Dollar strengthening against the US Dollar, which suggests that the strong job performance may impact future decisions on interest rates by the Reserve Bank of Australia (RBA) 24.


Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions
Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
China Home Prices Rise in January as Government Signals Stronger Support for Property Market
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 



