Australia Labour Force | Forex Factory

Australia Labour Force | Forex Factory

Australia Labour Force

From abs.gov.au

MAY KEY POINTS TREND ESTIMATES (MONTHLY CHANGE) •Employment increased to 11,747,200. •Unemployment decreased to 756,300. •Unemployment rate decreased less than 0.1 pts to 6.0%. •Participation rate remained steady at 64.8%. •Aggregate monthly hours worked increased 2.5 million hours to 1,634.1 million hours from a revised April 2015 estimate. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) •Employment increased 42,000 to 11,759,600. Full-time employment increased 14,700 to 8,128,600 and part-time employment increased 27,300 to 3,630,900. •Unemployment decreased 22,000 to 745,200. The number of unemployed ... (full story)

Comments / Top
Subscribe

Jun 10, 2015 11:40pm

"ABS flags some issues with Australia's May jobs report"

"... noting that they saw an unprecedented surge in the raw employment numbers for Western Australia."

http://www.forexfactory.com/news.php?do=news&id=544050

Doesn't actually say it's a mistake but just "unprecedented". WA is the mining hub of Aus, perhaps they beginning to restart the processing plants.

Jun 11, 2015 12:33am

1. 4H Trend is up, 1H trend is up, 15 min trend is up.

2. Good fresh news.

3. Yesterday speech suggests no further easing plans. (Day after good fresh news)

4. Chart suggests this is institutional order flow.

5. Weekly chart is a bullish bear-trap bottom.

Only minus is the 200EMA on 4H doesn't seem to be breaking. (yet)

I think it may test somewhere near yesterday's LOWs though because that's what these pairs like to do before breaking out, so if you are flat may want to wait it out.

Jun 10, 2015 9:47pm

Quoting Macdon

Disliked

Says an American. Hahahaha!!!! Why do you say that?

Ignored

Given he/she said practically the same thing here and in A/U thread my guess would be because someone was caught short.

Jun 10, 2015 9:14pm

Quoting Deano9999

Disliked

Agreed.

Ignored

might be u should have got trapped somewhere. These numbers are sufficient enough to hold the rates...

Also, just remember that forex traders r looking at the jobs data in terms of their potential effect on future monetary policy.

Jun 10, 2015 9:15pm

Quoting dbutton1990

Disliked

Yawn. .7800 rejected again. Watch tomorrow we will fall back down to .76xx

Ignored

might be u should have got trapped somewhere. These numbers are sufficient enough to hold the rates...

Also, just remember that forex traders r looking at the jobs data in terms of their potential effect on future monetary policy.

Jun 10, 2015 9:50pm

Quoting TheTopBloke

Disliked

Bear in mind it is winter there, aka dry season. Serious business gets conducted cyclically in these time frames, not the touristy shit. While I didn't expect this number, it's much better than I would have possibly given it credit for.

Ignored

The April 16 jobs report showed a better-than-expected reading for both the employment change and the jobless rate data, with expectations that the employment change will only be 14.9K versus the previous 42.9K. So it was a complete surprise when the actual reading was 37.7K, a significant improvement over the consensus and only a tad lower than the previous reading. As a result, AUD/USD jumped higher immediately after the report was released. Oh, and do you see the upward movement ahead of the report? This was an example of directional movement against expectations because the consensus was that the report will be dismal.

Jun 10, 2015 9:56pm

Quoting TheTopBloke

Disliked

Right, and why was the expectation dismal?

Ignored

Generally, AUD/USD doesn’t react much or has a lot of volatility but no overall direction when the report is released. But it does tend to find a direction a couple of hours after the report. Sometimes, there’s even some movement a couple of hours before the report is released, usually going against expectations.

Jun 10, 2015 9:16pm

Quoting dbutton1990

Disliked

Yawn. .7800 rejected again. Watch tomorrow we will fall back down to .76xx

Ignored

below .76 doubt it. Pleasantly surprising, but also technically disappointing. AUD has been very humble lately.

Jun 10, 2015 9:18pm

Quoting 17607

Disliked

gargle your mouth

Ignored

Quoting idaho19

Disliked

These numbers won't hold. There has to be some clerical error within the reporting.

Ignored

Bear in mind it is winter there, aka dry season. Serious business gets conducted cyclically in these time frames, not the touristy shit. While I didn't expect this number, it's much better than I would have possibly given it credit for.

Jun 10, 2015 9:53pm

Quoting 17607

Disliked

The April 16 jobs report showed a better-than-expected reading for both the employment change and the jobless rate data, with expectations that the employment change will only be 14.9K versus the previous 42.9K. So it was a complete surprise when the actual reading was 37.7K, a significant improvement over the consensus and only a tad lower than the previous reading. As a result, AUD/USD jumped higher immediately after the report was released. Oh, and do you see the upward movement ahead of the report? This was an example of directional movement...

Ignored

Right, and why was the expectation dismal?

Jun 10, 2015 8:45pm

wow AUD and NZD made every traders day

Jun 10, 2015 8:43pm

Aussie Labour Data initiate the AUD $ into bullish Channel Confirmation ,up Tgt of 7780-7810-7840 levels

Jun 10, 2015 8:55pm

Yawn. .7800 rejected again. Watch tomorrow we will fall back down to .76xx

Jun 10, 2015 9:46pm

maybe it is restricted (worried : someone may sell AUD before the data) by 11Jun2015 USA retail sales.

Jun 10, 2015 8:58pm

Quoting dbutton1990

Disliked

Yawn. .7800 rejected again. Watch tomorrow we will fall back down to .76xx

Ignored

Agreed.

Jun 10, 2015 9:08pm

Quoting idaho19

Disliked

These numbers won't hold. There has to be some clerical error within the reporting.

Ignored

gargle your mouth

Jun 10, 2015 9:53pm

Quoting dab

Disliked

Given he/she said practically the same thing here and in A/U thread my guess would be because someone was caught short.

Ignored

exactly and trying to create overall sentiment...

Jun 11, 2015 7:20am

Quoting adie

Disliked

aud still bearish..doesnt change anything..

Ignored

pee on it and you will see it rising

Jun 10, 2015 9:00pm

Quoting dbutton1990

Disliked

Yawn. .7800 rejected again. Watch tomorrow we will fall back down to .76xx

Ignored

Not even a US rate hike will get us down to 0.76xx lol

Jun 10, 2015 8:48pm

I love this ...packed all the pips from A-z ....waiting for for some retracement and then launch again

Jun 11, 2015 12:35am

aud still bearish..doesnt change anything..

Jun 10, 2015 8:50pm

These numbers won't hold. There has to be some clerical error within the reporting.

Jun 10, 2015 8:43pm

That's will be supporting for Kiew somewhat.

Trader#EAF8

Jun 10, 2015 8:43pm

This is sweet fly AUD

Related Stories

There are no posts to display for these settings.

Story Stats

Jun 10, 2015 8:31pm
Posted by
Newsstand

High Impact Breaking

24

6,613
Linked events:

AU Employment Change

AU Unemployment Rate