Australia is set to announce its September unemployment statistics on Thursday, marking one of the few economic updates for the Asia-Pacific region. Economists predict that the Australian labor market added approximately 25,200 jobs in September, a decrease from the 47,500 jobs added in August. Both the unemployment rate, expected to remain at 4.2 percent, and the participation rate, steady at 67.1 percent, are anticipated to be unchanged.
Meanwhile, Japan will release its September data concerning imports, exports, and trade balance. Imports are projected to have increased by 3.2 percent compared to the same month last year, following a 2.3 percent rise in August. Exports are forecast to grow by 0.5 percent year-over-year, which would represent a slowdown from the 5.6 percent growth observed in the previous month. The trade deficit is anticipated to narrow to 237.6 billion yen, down from a deficit of 695.3 billion yen in the preceding month.
Singapore will report its September non-oil domestic exports (NODX). In August, the NODX declined by 4.7 percent on a monthly basis but rose by 10.7 percent annually, resulting in a trade surplus of SGD 5.90 billion.
