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Labour Force, Australia, June 2023
In trend terms, in June 2023: • unemployment rate remained at 3.5%. • participation rate remained at 66.8%. • employment increased to 14,045,800. • employment to population ratio remained at 64.5%. • underemployment rate increased to 6.4%. • monthly hours worked increased to 1,956 million. In seasonally adjusted terms, in June 2023: • unemployment rate remained at 3.5%. • participation rate decreased to 66.8%. • employment increased to 14,046,100. • employment to population ratio remained at 64.5%. • underemployment rate remained at 6.4%. • monthly hours worked increased to 1,947 million. • ... (full story)
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AUD/USD higher - stronger yuan fix, good jobs report
AUD/USD has jumped higher with supportive news from China (boosting the yuan) • PBOC sets USD/ CNY reference rate for today at 7. 1466 (vs. estimate at 7.2233). • PBOC eases cross-border funding. And also from Australia: Australia (June ) Jobs +32.6K (vs. +15K expected) & Unemployment rate 3.5% (vs. 3.6% exp).
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AUD/USD jumps 30 pips on better-than-forecast Australia employment report, PBoC status quo
AUD/USD takes the bids to refresh intraday high around 0.6825 while posting a quick 25 pip jump on the upbeat Australia jobs report for June. Adding strength to the Aussie pair’s upside move could be the US Dollar’s failure to defend the two-day recovery from a 15-month low amid mixed clues about the US Federal Reserve (Fed) and China. With this, the Aussie pair prints the first daily gains in five at the latest. That said, Australia’s headline Employment Change rose by 32.6K versus 15K expected and 75.9K prior whereas the Unemployment Rate eased to 3.5% compared to market’s forecast of staying unchanged at ... (full story)