Australia July Employment Change s.a. down to -10200 vs 9300

Aug 8, 2013

Australia employment next: Impact on AUD/USD

As seen by Valeria Bednarik, Chief Analyst at FXstreet.com, "Australian employment figures had been far from a clear path lately, following the economic slowdown of the country, and market is expecting some light numbers, with unemployment rate increasing back to 5.8%."

Australia jobs markets continues in a downtrend

Australian employment data worsened in July, with the latest figures indicating a total of 10,200 jobs were lost vs +5,000 exp and +10,300 last. A total of 6,700 full time jobs were lost vs 4,400 full time jobs also lost last June; 3,500 part-time jobs were also lost in this last reading vs 14,800 prior. The unemployment rate stood at 5.7% vs 5.8% exp and 5.7% last. The rate of participation dropped to 65.1% vs 65.2% exp and 65.3% last.