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In this article we will review the latest economic data from Australia and asses the outlook for the Australian economy and associated implications as it may pertain to the listed country exchange traded fund - (NYSE:EWA)
The Australian Bureau of Statistics ((ABS)) recently published employment data for October last week, which showed the firstly monthly net decline (seasonally adjusted) in employment since early 2016.
Source: Tradingeconomics.com
The monthly data is volatile and therefore it is too early to extrapolate one month’s data into a new trend. As the chart below shows, the unemployment