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Labour Force, Australia, July 2022
Seasonally adjusted estimates for July 2022: • Unemployment rate decreased to 3.4%. • Participation rate decreased to 66.4%. • Employment decreased to 13,558,400. • Employment to population ratio decreased to 64.2%. • Underemployment rate decreased to 6.0%. • Monthly hours worked fell 0.8% to 1,840 million. table Unemployment: In seasonally adjusted terms, in July 2022: • Unemployment rate decreased to 3.4%. • Unemployment rate was 1.9 pts below March 2020. • Unemployed people decreased by 20,200 to 473,600. • Unemployed people was 245,700 lower than March 2020. • Youth unemployment rate ... (full story)
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Full-time employment fell 86,923 m/m
— zerohedge (@zerohedge) August 18, 2022
Part-time employment rose 45,978 m/m https://t.co/AgHe2NZWaO
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AUD/USD slides towards 0.6900 on surprise fall in Australia’s Employment Change
AUD/USD bears the burden of another downbeat job number during Thursday’s Asian session, not to forget the fresh concerns surrounding Taiwan. That said, the Aussie pair remains pressured around 0.6935, after refreshing the daily low to 0.6924, by the press time. Australia’s headline Employment Change dropped to -40.9K versus 25K expected and 88.4K prior while Unemployment Rate eased to 3.4% versus 3.5% expected and prior. Also, the Participation Rate declined to 66.4% versus 66.8% market forecasts and previous readings. It’s worth noting that Aussie Wage Price Index for the second quarter (Q2) exerted downside ... (full story)