Aussie down after job figures
Australian employment decreased by 12,200 to 11,668,700, missing expectations on a smaller increase by 4,700. Full-time employment decreased by 28,100 to 8,078,000 and part-time employment increased by 15,900 to 3,590,700. Unemployment increased 34,500 to 795,200. The number of unemployed persons looking for full-time work increased 200 to 551,800 and the number of unemployed persons only looking for part-time work increased 34,300 to 243,400.
Unemployment rate increased 0.3 points to 6.4%. Analysts were predicting smaller increase to 6.2%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 8.2 million hours (0.5%) to 1 ,607.6 million hours.
After the data Aussie was pushed sharply down and is currently being traded few points above 0.7660 area. Pair is likely to find support at 0.76 and resistance above 0.7680 level. Later today, in the US session, Retail Sales and Unemployment Claims figures are scheduled for a release.
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