ANZ Job Advertisements rose for a seventh straight month

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Monday, Jan 12 2015

ANZ Job Advertisements rose by 1.8% in December. Job advertisements rose for a seventh straight month in December, but are not translating into lower unemployment as job losses also remain high. ANZ's chief economist Warren Hogan said that is probably due to a combination of strong immigration flows and significant job losses in some sectors.

"In all likelihood, this divergence can be explained by a higher than usual rate of job losses in the economy," he noted in the report. "The good news is that the economy continues to produce new employment opportunities. The bad news is that this has not been quite enough to counteract the flow of new workers into the economy plus the on-going loss of jobs in certain sectors."

Data did not have any major impact on the Aussie, but pair spent morning part of the session in an uptrend and is currently being traded around 0.8250 area. We can expect a steadier rest of the session since there will be no major data releases from the USA. Pair is likely to find resistance above 0.8280 level and support around 0.82 handle.

More in this category: « USD - Major events in the week ahead Home Loans fell by 0.7% »

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