The Aussie labour report, released by the Australian Bureau of Statistics, has been released as follows:
Australia December Employment -14.6k s/adj (Reuters poll: 22.5k).
Unemployment rate 3.5 pct, s/adj (Reuters poll: 3.4).
Full-time employment 17.6k s/adj.
Participation rate 66.6 pct, s/adj (Reuters poll: 66.8 pct).
More to come...
AUD/USD update
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About the Aussie labour report
The key component of the data for markets, the Employment Change, released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
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