DJIA27766.29
LIVE-54.80(-0.20%)
NDX8265.62
LIVE-18.13(-0.22%)

Australian Unemployment rate 0.1% lower and AUD rallies some 30 pips


Thursday, 17 October 2019 08:00 WIB

ECONOMICUnemploymentEkonomi AustraliaAustralia Employment


c_740_198_16777215_00_images_assets_00000000000000000000000000000000000-Pengangguran-560x394.jpg

Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon  as next month, so today's  labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate currently at 0.75%).

Australia Sept Employment +14.7k (Reuters poll: +15.0k) - A miss.

Australia Sept Unemployment rate +5.2 pct, (Reuters poll: +5.3/prior 5.2%) and bullish.

Australia Sept Full-Time employment +26.2k  vs prior 15.5k, bullish.

Australia Sept Participation rate +66.1 pct, (Reuters poll: +66.2 pct) and bullish.

What was key in this report was the unemployment rate. The fact that the participation rate holds near to a record high 66.2%, the unemployment rate stays near the 5.3% (a 12 month high). However, it was a touch lower in September and AUD/USD has moved higher on the data.

The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).

Source : FXstreet


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.