Australia Sept. Employment Change Revised to 23,700 Loss

The video discusses the revised jobless rate for September, which increased to 6.2% from 6.1%, highlighting issues with the Australian Bureau of Statistics' previous methodology. Revised numbers for the past eight months are expected, aiming to restore credibility. The trade deficit for September was larger than expected at $2.26 billion, influenced by falling iron ore prices. However, retail sales showed a significant improvement, rising by 1.2%, surpassing market expectations. Woolworths experienced slower sales growth, impacting its share price.

What was the revised jobless rate for September?

• 7.0%

• 6.5%

• 6.2%

• 5.8%

How many jobs were initially reported lost in September before the revision?

• 29,700

• 100,000

• 50,000

• 172,000

What was the trade deficit for September?

• $3.00 billion

• $2.00 billion

• $2.26 billion

• $1.85 billion

What was the percentage increase in retail sales for September?

• 0.3%

• 1.2%

• 0.8%

• 1.5%

Which company experienced slower sales growth affecting its share price?

• Target

• Woolworths

• Aldi

• Coles