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Australian Unemployment Rate decreased to 5.7%

Thursday, Apr 14 2016
Australian employment increased 26,100 to 11,909,600 in a seasonally adjusted terms in March. Smaller increase by 18,600 was expected. Full-time employment decreased 8,800 to 8,180,400 and part-time employment increased 34,900 to 3,729,200. Unemployment decreased 7,300 to 723,100. 
The number of unemployed persons looking for full-time work decreased 7,900 to 515,900 and the number of unemployed persons only looking for part-time work decreased 1,800 to 208,400. Unemployment rate decreased 0.1 pts to 5.7%. Analysts were anticipating increase to 5.9%.  Participation rate remained steady at 64.9%. Monthly hours worked in all jobs decreased 17.5 million hours to 1,632.3 million hours.
 
Aussie is currently being traded around 0.76 area. Pair is likely to find support around 0.76 handle and resistance above 0.7730 level. Later today, in the US session, Unemployment Claims and CPI figures are scheduled for a release.
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