Australia Labor Force | Forex Factory

  • Australia Labor Force

    From abs.gov.au Story is in PDF Format

    APRIL KEY POINTS TREND ESTIMATES (MONTHLY CHANGE) Employment increased to 11,646,000. Unemployment increased to 682,900. Unemployment rate remained steady at 5.5%. Participation rate at 65.3%. Aggregate monthly hours worked increased to 1,638.8 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 50,100 (0.4%) to 11,663,200. Full-time employment increased 34,500 to 8,159,700 and part-time employment increased 15,600 to 3,503,500. Unemployment decreased 2,700 (0.4%) to 685,300. The number of persons looking for full-time work remained steady at 502,800 and the number of persons looking ... (full story)

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Squeeze
May 9, 2013 4:15am
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I've yet to read anyone who trusts/believes any govt unemployment stats, even Eurostat's on for example Greece and Spain. The USA despite pushing the headline rate of 7.5% does actually print the real (U6) number which is currently at 13.9%.

http://www.bls.gov/news.release/empsit.t15.htm

Quoting Deano9999
Something wrong with these stats. No way this many FT jobs created. When the market realises this it will correct somewhat but all the way back. Best to stay out at present until the dust settles.
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bustech
May 8, 2013 9:15pm
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Just focus on market reaction and price levels from the result.

It's only a sample size of 20,000 workers or non workers from a workforce of approx 11 million.

All employment data from around the world is taken from a very small sample size.
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Igorman
May 8, 2013 9:40pm
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Quoting bustech
Just focus on market reaction and price levels from the result.

It's only a sample size of 20,000 workers or non workers from a workforce of approx 11 million.

All employment data from around the world is taken from a very small sample size.
Just graduated with a minor in stats. The most import thing I learned is how to properly lie with them
Reply
lasty
May 8, 2013 8:49pm
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never trusted the unemployment stats as they are a guesstimate
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Deano9999
May 8, 2013 8:47pm
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Something wrong with these stats. No way this many FT jobs created. When the market realises this it will correct somewhat but all the way back. Best to stay out at present until the dust settles.
Reply
love.l0ve
May 8, 2013 8:36pm
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I already buy it in this ASIA morning
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cppolybd
May 8, 2013 8:57pm
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Quoting karmacola
Soros is already out, leaving the suckers holding the bag.
And he might be go long 1.0150 ..
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Igorman
May 8, 2013 8:33pm
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damn... still holding my shorts though
Reply
Igorman
May 8, 2013 9:02pm
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Quoting arenoosh
I closed my shorts on aud but I will look to sell the tops on aud/crosses
not my style of trading... 1.023x-1.025x area looks like a strong resistance area
Reply
amjewel
May 8, 2013 8:45pm
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go long i guess first tp will be 1.0300
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NZ pips
May 8, 2013 9:11pm
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Quoting Igorman
not my style of trading... 1.023x-1.025x area looks like a strong resistance area
Yep going short on the turn
Reply
arenoosh
May 8, 2013 8:37pm
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Quoting Igorman
damn... still holding my shorts though
I closed my shorts on aud but I will look to sell the tops on aud/crosses
Reply
ziexnanan
May 8, 2013 8:41pm
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damn AUD touch my SL
Reply
karmacola
May 8, 2013 8:49pm
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Quoting Guest
I think Soros just lost about 50million
Soros is already out, leaving the suckers holding the bag.
Reply
jaygee
May 8, 2013 9:13pm
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aud/usd tagged the 60m dtl
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Trader#044C
May 9, 2013 4:37am
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considering that the Aus FED Govt banned the DSS from compiling & releasing unemployment figures in 1986 ......

All data releases come from bureau of Stats, & they don't get the figures from DSS......

politics
Reply
Trader#6949
May 8, 2013 8:37pm
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I think Soros just lost about 50million
Reply

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