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Australia Adds 34,400 Full-Time Jobs in September, Prior Was -6,300

Australia’s full-time employment rose by 34,400 in September, swinging from a revised decline of 6,300 in the prior month. The September reading marks a return to full-time hiring after the previous month’s contraction.

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AI take

The swing back to full-time hiring matters because full-time roles carry more weight for household income and consumption than part-time or headline employment counts. A single month's rebound after a downward revision offers limited signal on its own, though it does ease the picture of a stalling labour market. For crypto and RWA markets, the read-through runs through rate expectations rather than digital assets directly. Whether the prior contraction was noise or the start of a softer trend is the open question.

Generated by AI for reference only.

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