Australian employment up in March
Australian employment increased by 37,700 to 11,720,300. Analysts were anticipating smaller increase by 14,900. Full-time employment increased 31,500 to8,131,400 and part-time employment increased 6,100 to 3,588,900.Unemployment decreased 1,500 to 764,500. The number of unemployed persons looking for full-time work increased 700 to 546,800 and the number of unemployed persons only looking for part-time work decreased 2,200 to 217,700.
Unemployment rate decreased less than 0.1 pts to 6.1% from a revised February 2015 estimate of 6.2%. Analysts were forecasting no change.Participation rate increased 0.1 pts to 64.8%. Aggregate monthly hours worked increased 4.8 million hours (0.3%) to 1,630.4 million hours.
After the data Aussie was pushed higher and is currently being traded around 0.7770 level. Pair is likely to find support around 0.77 handle and resistance above 0.78 handle. Later today, in the US session, Building Permits, Housing Starts, Unemployment Claims and Philly Fed Manufacturing Index figures are scheduled for a release.
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