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Labour Force, Australia April 2023
In trend terms, in April 2023: • Unemployment rate remained at 3.6%. • Participation rate remained at 66.7%. • Employment increased to 13,878,900. • Employment to population ratio decreased to 64.2%. • Underemployment rate remained at 6.1%. • Monthly hours worked increased to 1,933 million. In seasonally adjusted terms, in April 2023: • Unemployment rate increased to 3.7%. • Participation rate decreased to 66.7%. • Employment decreased to 13,882,100. • Employment to population ratio decreased to 64.2%. • Underemployment rate decreased to 6.1%. • Monthly hours worked increased to 1,974 million. ... (full story)
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AUD/JPY slides 50 pips on downbeat Aussie employment, mixed Japan trade data
AUD/JPY takes offers to refresh intraday low near 91.20 while marking a nearly 50 pips of a quick fall on the downbeat Aussie jobs report for April on early Thursday. Also weighing on the cross-currency pair are the downbeat yield and cautious mood in the market. Australia’s headline Employment Change marked a surprise figure of -4.3K in April versus 25K expected and 53K prior whereas the Unemployment Rate jumps to 3.7% from 3.5% prior. Earlier in the day, Japan’s Merchandise Trade Balance Total improved to ¥-432.4B for April versus ¥-613.8B expected and ¥-755.1B prior. However, the Imports and Exports for the ... (full story)
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AUD/USD dives to near 0.6630 on downbeat Australian Employment data
The AUD/USD pair as the Australian Bureau of Statistics has reported Employment (April) data. In April, the Australian labor market recorded a decline in the number of payrolls by 4.3K while the street was anticipating fresh additions of 25K jobs. The Unemployment Rate has jumped sharply to 3.7% vs. the consensus and the former release of 3.5%. On Wednesday, the Australian Bureau of Statistics came with Q1 Wage Price Index data. The quarterly labor cost index remained steady at 0.8% but lower than the estimate of 0.9%. On an annual basis, the economic data accelerated to 3.7% vs. the consensus of 3.6% and the former ... (full story)
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