Australia Labour Force | Forex Factory

  • Australia Labour Force

    From abs.gov.au Story is in PDF Format

    APRIL KEY POINTS TREND ESTIMATES (MONTHLY CHANGE) Employment increased to 11,725,000. Unemployment decreased to 767,500. Unemployment rate decreased less than 0.1 pts to 6.1%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 6.9 million hours to 1,643.7 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment decreased 2,900 to 11,724,600. Full-time employment decreased 21,900 to 8,115,900 and part-time employment increased 19,000 to 3,608,600. Unemployment increased 7,000 to 769,500. The number of unemployed persons looking for full-time work decreased 2,700 to ... (full story)

Comment Options
Aussi
May 6, 2015 10:59pm
Permalink
Quoting 05renegade
Just more evidence that the Australian economy is in a hole it can't get out of. There is absolutely no positives forthcoming for Australia and with no real manufacturing base worth talking about, the country in a severe drought and the mining industry down and out, the AUD must and will ultimately slide down a big greasy pole to possibly 60c. or worse. The country must completely change its thinking about digging holes in the ground as its main revenue and start with some fresh ideas. A progressive government with some fresh faces and ideas would...
good luck with your .60 on aud you will need it
Reply
PA is King
May 7, 2015 5:32am
Permalink
Quoting Aussi
good luck with your .60 on aud you will need it
I'm still here. I just don't like the movement in Aussie of late so I don't really have anything to say. Just some wild swings in price lately...a couple days of rally for a few hundred pips followed by a few days of a few hundred pips of selling.

My best advice was last week when I said price would rally until FOMC and then selloff. Don't have any other clear signals right now. But I'll post some if I see any.

Cheers!
Reply
dab
May 6, 2015 8:54pm
Permalink
Quoting Xw53Jk
I don.t see the reason to buy aussie...but now market say tobuy. this is not rational action........"Employment decreased 2,900 to 11,724,600. Full-time employment decreased 21,900 to
8,115,900 and part-time employment increased 19,000 to 3,608,600.
Unemployment increased 7,000 to 769,500. The number of unemployed persons looking
for full-time work decreased 2,700 to 541,500 and the number of unemployed persons
only looking for part-time work increased 9,800 to 228,000.
Unemployment rate increased 0.1 pts to 6.2%.
Participation rate decreased...
You are only looking at the seasonally adjusted figures. Looking at the trend figures as well might explain why there was a fall (seasonally adjusted reported) then rise - people looked at detail.
Reply
Macdon
May 6, 2015 10:43pm
Permalink
Quoting 05renegade
Just more evidence that the Australian economy is in a hole it can't get out of. There is absolutely no positives forthcoming for Australia and with no real manufacturing base worth talking about, the country in a severe drought and the mining industry down and out, the AUD must and will ultimately slide down a big greasy pole to possibly 60c. or worse. The country must completely change its thinking about digging holes in the ground as its main revenue and start with some fresh ideas. A progressive government with some fresh faces and ideas would...
I am an AU citizen and I tend to disagree.

For starters we are not just about mining and even so mining is not dead just slowed down. Property is on the rise, dangerously so, and it is boosted by overseas investors who aren't going away anytime soon.

The other western countries are mired in debt, not just in the billions of dollars/euros/pounds but trillions! AU has little debt compared to them.

Apart from mining exports AU generates income from telecommunications, banking, manufacturing and education - being an English language education provider for Asia. Education alone generates billions from tuition fees and the provision of goods and services to the students.
Reply
Xw53Jk
May 6, 2015 8:51pm
Permalink
Quoting yunyoungro
buy the dip
I don.t see the reason to buy aussie...but now market say tobuy. this is not rational action........"Employment decreased 2,900 to 11,724,600. Full-time employment decreased 21,900 to
8,115,900 and part-time employment increased 19,000 to 3,608,600.
Unemployment increased 7,000 to 769,500. The number of unemployed persons looking
for full-time work decreased 2,700 to 541,500 and the number of unemployed persons
only looking for part-time work increased 9,800 to 228,000.
Unemployment rate increased 0.1 pts to 6.2%.
Participation rate decreased 0.1 pts but remained at 64.8%, based on unrounded
estimates.
Aggregate monthly hours worked increased 17.8 million hours (1.1%) to
1,651.9 million hours"......
Reply
redalert
May 6, 2015 9:45pm
Permalink
Quoting 05renegade
Just more evidence that the Australian economy is in a hole it can't get out of. There is absolutely no positives forthcoming for Australia and with no real manufacturing base worth talking about, the country in a severe drought and the mining industry down and out, the AUD must and will ultimately slide down a big greasy pole to possibly 60c. or worse. The country must completely change its thinking about digging holes in the ground as its main revenue and start with some fresh ideas. A progressive government with some fresh faces and ideas would...
Amen bro the only good thing Aud has over USD is 2% cash rate. People just invest in Aud for swap... no other fundamental reason.
Reply
Aussi
May 7, 2015 12:28am
Permalink
Quoting Macdon
I think it will go to 1.00 before 0.60, but you never know your luck on a crazy psycho planet.
looking forward to a higher aud then looking forward to a lower aud
Reply
Aussi
May 7, 2015 1:20am
Permalink
Quoting buster48
Where's PA gone I always like his opinion.
yes his opinion is well received by us all
Reply
Aussi
May 7, 2015 2:17am
Permalink
Quoting buster48
I like your opinions too actually Aussi.
thank you we all a team
Reply
rafat habeb
May 6, 2015 8:49pm
Permalink
its bubble target then back to normal trend but i would prefer selling Usd
Reply
buster48
May 7, 2015 12:40am
Permalink
Where's PA gone I always like his opinion.
Reply
buster48
May 7, 2015 2:00am
Permalink
Quoting Aussi
yes his opinion is well received by us all
I like your opinions too actually Aussi.
Reply
Macdon
May 7, 2015 12:17am
Permalink
Quoting Aussi
good luck with your .60 on aud you will need it
I think it will go to 1.00 before 0.60, but you never know your luck on a crazy psycho planet.
Reply
Xw53Jk
May 6, 2015 8:35pm
Permalink
bad news for aussie
Reply
dghent
May 6, 2015 8:49pm
Permalink
Quoting akramo
Nothing is bad for aussi
Agree The aussie can do no wrong, buy on dips is good advice.
Reply
dee.aychan
May 6, 2015 8:38pm
Permalink
sell !!!
Reply
iumoren
May 6, 2015 8:58pm
Permalink
I can see from H1 candle that speculators are trying to push AUDUSD up, but it will be a difficult battle for them today...amid bad Aussie news. 14 days Moving Average is already pointing down...indicating a potential SELL trend.
Reply
Onyebuchim
May 6, 2015 9:01pm
Permalink
Quoting iumoren
I can see from H1 candle that speculators are trying to push AUDUSD up, but it will be a difficult battle for them today...amid bad Aussie news. 14 days Moving Average is already pointing down...indicating a potential SELL trend.
Well in the natural sense looking at the actual figure is a clear weak one for the AUD but the upward revision shows a clear BUY situation. I think its better to take what's left & stay out until NFP
Reply
05renegade
May 6, 2015 9:04pm
Permalink
Just more evidence that the Australian economy is in a hole it can't get out of. There is absolutely no positives forthcoming for Australia and with no real manufacturing base worth talking about, the country in a severe drought and the mining industry down and out, the AUD must and will ultimately slide down a big greasy pole to possibly 60c. or worse. The country must completely change its thinking about digging holes in the ground as its main revenue and start with some fresh ideas. A progressive government with some fresh faces and ideas would be a good start and a government willing to support local industry and agriculture. If changes are not made soon, Australia will no longer be the lucky country, it will be a place of poverty for the bulk of the population. I am looking for a short position over a longer period to around 60c. Being an Australian citizen and I believe I have a good idea of where we might be heading and this country is always in a continual boom bust cycle.
Reply
yunyoungro
May 6, 2015 8:37pm
Permalink
Quoting Xw53Jk
bad news for aussie
buy the dip
Reply
yunyoungro
May 6, 2015 8:54pm
Permalink
I am waiting sell at 8135
Reply
samsamfoo
May 6, 2015 8:55pm
Permalink
Better wait tomorrow usd job repot..now just buy on dip.
unless surprise by usd report..
Reply
elleell
May 6, 2015 8:36pm
Permalink
Quoting Xw53Jk
bad news for aussie
Bad news indeed but not impact at AUDUSD, infact, the price still same..
Reply
jitfx
May 6, 2015 8:42pm
Permalink
Sale below 0.7975
Reply
shahmoradi
May 6, 2015 10:54pm
Permalink
Sell AUDUSD on 0.80000
Reply
akramo
May 6, 2015 8:41pm
Permalink
Nothing is bad for aussi
Reply
Onyebuchim
May 6, 2015 8:41pm
Permalink
The revised figure caused the unbalanced reaction.
Reply
Onyebuchim
May 6, 2015 8:48pm
Permalink
Quoting Onyebuchim
The revised figure caused the unbalanced reaction.
Better to quickly take what's left and exit. Direction of Aussie is uncertain
Reply
Trader#C80B
May 6, 2015 8:53pm
Permalink
This news doesnt impact the aussie so much. US data also bad yesterday unless lockhart still dreaming about rate hike. Yellen sound dovish. Big money waiting for nfp tomorrow to determine this pair direction.
Reply
Trader#CB07
May 7, 2015 12:31am
Permalink
Expecting some sort of easing overtone to tomorrow's RBA policy statement after they messed up their rate decrease by omitting mentioning the chance for further rate drops.
RBA desperate to drop the Aud but it's currently being artificially held higher by the world financial powers that be.
Whether that will be be enough to move Aud/Usd prior to Non Farm release later in the day remains to be seen!
Reply
Trader#9175
May 6, 2015 8:36pm
Permalink
Fuck u aud always big spike
Reply
Trader#C98A
May 6, 2015 8:48pm
Permalink
why aususd bull after bad report??
Reply
Trader#C80B
May 7, 2015 12:53am
Permalink
Better to look at the bigger picture on weekly and monthly chart, then u will know what the big boys are doing. Watch for level 0.8xxx
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats