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Australian Unemployment Rate increased to 5.7%

Thursday, Dec 15 2016
Australian Unemployment Rate increased to 5.7%

According to the latest ABS figures Australian employment increased 39,100 to 11,973,200. Full-time employment increased 39,300 to 8,166,200 and part-time employment decreased 200 to 3,807,000. Unemployment increased 17,000 to 725,200.

 

The number of unemployed persons looking for full-time work increased 15,100 to 512,100 and the number of unemployed persons only looking for part-time work decreased 1,900 to 213,100. Unemployment rate increased 0.1 pts to 5.7%. Participation rate increased 0.2 pts to 64.6%. Monthly hours worked in all jobs decreased 10.4 million hours to 1663.3 million hours.

 

Aussie is currently being traded around 0.7420 level. Pair is likely to find support around 0.7350 handle and resistance above 0.7450 area.

Last modified on Friday, 16 December 2016
More in this category: « Fed raise interest rate to 0.75% German and French Manufacturing PMI unexpectedly rose in December »

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