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Aussie jobs report disappoints AUD a touch softer
Abstract：Australia’s March labour force survey is released today at 01.30GMT and there are expectations for another strong headline print, in line with the Reserve Bank of Australia's upbeat outlook.
Australias March labour force survey was released today and the expectations for another strong headline print were not met and AUD/USD was under pressure on the knee-jerk.
Aussie jobs data
Australian Unemployment Rate March: 4.0% (expected 3.9%; previous 4.0%) .
Employment Change March: 17.9K (expexted 30.0K; previous 77.4K).
Full-Time Employment Change: +20.5K vs, the prior was +121.9K.
Part-Time Employment Change: -2.6K vs. the prior -44.5K.
Participation Rate: 66.4% vs. the expected 66.5%, prior was 66.4%.
AUD/USD is pressured as follows:
More to come...
About the Employment Change
This is released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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