- Analytics
- News and Tools
- Market News
- Aussie jobs beats expectations in headline and Unemployment Rate, AUD bullish
Aussie jobs beats expectations in headline and Unemployment Rate, AUD bullish
The Unemployment Rate release by the Australian Bureau of Statistics has beaten expectations as has the Employment and Full-time employment data as follows:
- Employment Rate: +32.2K (vs. +15K expected).
- Unemployment Rate 3.4% (vs. 3.6% expected).
- Australia Full-Time employment +47.1k s/adj.
- Australia participation rate +66.5 pct, s/adj (Reuters poll: +66.6 pct).
The Australian Dollar has shown a mixed reaction to the data. Technically, the price is on the front side of a dominant daily resistance:
About Aussie jobs data
The Australian Bureau of Statistics (ABS) publishes an overview of trends in the Australian labour market, with the unemployment rate a closely watched indicator. It is released about 15 days after the month end and throws light on the overall economic conditions, as it is highly correlated to consumer spending and inflation. Despite the lagging nature of the indicator, it affects the Reserve Bank of Australia’s (RBA) interest rate decisions, in turn, moving the Australian dollar. Upbeat figure tends to be AUD positive
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
