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Good labour market figures pushed Aussie higher

Thursday, Dec 11 2014

Latest ABS report showed that  Australian employment increased by 42,700 to 11,637,400 in November. Analysts were forecasting a smaller incline by 15,200.  Full-time employment increased 1,800 to 8,059,400 and part-time employment increased 40,800 to 3,578,000. Unemployment increased 4,700 to 777,700. 

 

The number of unemployed persons looking for full-time work increased 13,500 to 545,900 and the number of unemployed persons only looking for part-time work decreased 8,800 to 231,700. Unemployment rate increased by less than 0.1 points to 6.3%, in line with market expectations. Participation rate increased 0.1 points to 64.7%.  Aggregate monthly hours worked decreased 4.4 million hours (0.3%) to 1 ,610.6 million hours.

 

After the data was released Aussie was pushed higher but found area around 0.8380 to be too resistive at the moment in order to pullback and currently being traded few points above 0.8330 level. Later today, in the US session, Retail Sales and Unemployment Claims figures are scheduled for a release.

More in this category: « UK Trade Balance deficit decreased to £9.6 billion ECB Targeted LTRO at €129.8 billion »

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