Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Australia's Workforce Unexpectedly Increases

Published 12/31/2000, 07:00 PM
Updated 05/06/2009, 09:49 PM

Australia Employment Change Actual 27.3K, Expected -24.9K, Previous -34.7K
 
Release Explanation: This report tracks the number of employed in Australia. The figure appears in the monthly Labor Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.
 
Trade Desk Thoughts: Employment in Australia increased by 27.3K for April which is above expectations of 24.9K decrease. Full time employment Increased by 49.1K to 7,672,700 while part time employment decreased by 21.8K to 3,126,200.
 
Forex Technical Reaction: The aussie has gained 60 pips since the release and is trading 45 pips above the Asian open. The pair is trading near the 0.7530 level.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.