Australia Labour Force | Forex Factory

  • Australia Labour Force

    From abs.gov.au

    Employment increased to 11,541,500. Unemployment increased to 653,800. Unemployment rate steady at 5.4% from a revised November 2012 estimate. Participation rate steady at 65.1%. Aggregate monthly hours worked increased to 1,622.9 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment decreased 5,500 (0.0%) to 11,538,900. Full-time employment decreased 13,800 to 8,112,500 and part-time employment increased 8,300 to 3,426,400. Unemployment increased 16,600 (2.6%) to 656,400. The number of persons looking for full-time work increased 12,600 to 476,500 and the number of persons looking for part-time ... (full story)

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eqshack
Jan 16, 2013 6:58pm
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we going to have nzd data today and im 99% sure it will be negative.it Will drive nzd down too
Quoting arenoosh
this will give strength to nzd. We know the market expects other rate cuts this year for aud....and we had a hawkish statement from nzd at their last meeting...so short AUD/NZD for new lows. Even with disappointing data from China's GDP I think short Aud/Nzd is a winning bet for this month and not only...
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arenoosh
Jan 16, 2013 6:55pm
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this will give strength to nzd. We know the market expects other rate cuts this year for aud....and we had a hawkish statement from nzd at their last meeting...so short AUD/NZD for new lows. Even with disappointing data from China's GDP I think short Aud/Nzd is a winning bet for this month and not only...
Reply
FortuneRider
Jan 16, 2013 6:34pm
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Rooms for further rate cut. The China GDP to be released tomorrow will likely be disappointing too.
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