Australia Participation Rate came in at 65%, above forecasts (64.9%) in October

Australia published stellar employment figures for the month of October, with the ABS reporting an increase in employment jobs change by 58.6k (seasonally adjusted). Full-time jobs came in at 40k vs -10.4k last, while part-time saw a jump of 18.6k. Australian unemployment rate ticked up to 5.9% vs 6.2% expected and 6.2% last, with the participation rate at 65% vs 64.9% exp and 64.9% last.