Labour force; Chinese data
- Employment rose by 29,700 in October, in line with forecasts centred on job gains of around 20,000. Fulltime employment fell by 14.100 and part-time jobs rose by 43,800 – the biggest gain in 15 months.
- The unemployment rate rose from 5.1 per cent to a six-month high of 5.4 per cent as job growth was outpaced by the rise in new entrants. The size of the labour force rose by 0.5 per cent in October – matching the largest monthly increase in 21 months.
- The participation rate rose from 65.6 per cent to 65.9 per cent. Average hours worked rose by 0.5 per cent. Hours worked are up 3.7 per cent over the year. The working age population grew by 19,800 in October.
- Chinese consumer prices rose at a 4.4 per cent annual pace in October – the fastest pace in over two year.
- China’s industrial production and retail sales slowed in annual terms in October. Urban property prices continue to moderate.