The Aussie jobs data has arrived and it has helped the Aussie higher on inline Unemployment Rate and no major changes - Full Time Employment Change was also a big beat.
Fulltime Employment (Mar) 48.3K vs prior - 7.3k
Employment Change s.a. (Mar) 15k vs exp 12.0k and prior 4.6 k (10.7k rev)
Part-Time Employment (Mar) - 22.6k vs prior 11.95
Unemployment Rate s.a. (Mar) 5.0% vs exp 5.0% and prior 4.9% (Uptrend in the unemployment rate would open the door to a rate cut).
Participation Rate (Mar) 65.7% vs exp 65.6% and prior 65.6%
More to come on revisions...
For reference (Bank Analysis and opinion prior to the data):
Analysts at Westpac explained that the RBA has made clear that an uptrend in the unemployment rate would open the door to a rate cut.