AUD Employment Change
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts;
- AUD Employment Change Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
---|---|---|---|
Jun 12, 2024 | 39.7K | 30.5K | 37.4K |
May 15, 2024 | 38.5K | 22.4K | -5.9K |
Apr 17, 2024 | -6.6K | 7.2K | 117.6K |
Mar 20, 2024 | 116.5K | 39.7K | 15.3K |
Feb 14, 2024 | 0.5K | 26.4K | -62.7K |
Jan 17, 2024 | -65.1K | 15.4K | 72.6K |
Dec 13, 2023 | 61.5K | 10.6K | 42.7K |
Nov 15, 2023 | 55.0K | 22.8K | 7.8K |
-
- AUD Employment Change News
- From think.ing.com|Jun 13, 2024
Financial markets have given up much hope of rate cuts in Australia this year, so today's decent labour report won't have caused too much of a stir. Total employment in May rose by 39,700. This was more than the 30,000 expected, and slightly stronger than the 37,400 increase in April. Unlike April's number, all of the employment in May came from full-time jobs. These provide not only better wages but better perks and are, as a result, more positive for consumer sentiment. Earlier in the day, we also got CBA household spending data, ...
- From abs.gov.au|Jun 12, 2024|2 comments
In trend terms, in May 2024: Unemployment rate increased to 4.0%. Participation rate remained at 66.7%. Employment increased to 14,355,100. Employment to population ratio remained at 64.1%. Underemployment rate remained at 6.7%. Monthly hours worked increased to 1,958 million. In seasonally adjusted terms, in May 2024: Unemployment rate decreased to 4.0%. Participation rate remained at 66.8%. Employment increased to 14,355,600. Employment to population ratio remained at 64.1%. Underemployment rate remained at ...
- From think.ing.com|Jun 12, 2024
US Treasury markets opted to interpret yesterdays data and FOMC meeting dovishly, though, in truth, this was a day of mixed messages. 2Y UST yields dropped 8.2 basis points and 10Y yields fell 8.8bp to 4.316% but had been down more before the FOMC meeting. Fed funds futures now have about one and three-quarters cuts priced in, which is more or less in line with the new dot plot median. The drop in US yields has helped to lift EURUSD back above 1.08 and the AUD has also risen strongly, getting back to 0.6666. It is a positive story ...
- From youtube.com/markets|Jun 11, 2024
Australian Treasurer Jim Chalmers says his country is on track for a soft landing as a result of "moderating inflation and a resilient labor market." He also says that the relationship with China can be "complex to manage" but there are "good economic dividends" from engaging with Beijing. Chalmers speaks to Haidi Stroud-Watts on the sidelines of the Morgan Stanley Australia Summit in Sydney.
- From marctomarket.com|Jun 8, 2024
The market got caught leaning the wrong way. The weakness in April's high-frequency US data encouraged participants to push the US two-year yield to its recent floor near 4.70% and took the 10-year yield to two-month lows, slightly above 4.25%. The Dollar Index was driven below the uptrend line drawn off the December 2023 and March and May 2024 lows. We have argued that while the US economy is slowing, the April data seemed to overstate the case, and the May jobs data will likely set the broad tone of other real sector data. The ...
- From marctomarket.com|May 20, 2024
The foreign exchange market is quiet. Most of the G10 currencies are +/- 0.1% against the dollar. The crash that took the of Iran's president and foreign minister may have helped lift gold to new record highs ($2450), the impact seems more muted, as poor weather rather than foul play, seems to be main narrative. July WTI reached nearly $80, its best level since May 1 but is hovering around unchanged levels (~$79.50). Canadian markets are closed today for a national holiday, while no fewer than five Fed officials speaks today, which ...
- From think.ing.com|May 16, 2024
Employment growth of 38,500 was stronger than the consensus expectation for 23,700 job gains in April. But the good news ends there. Full-time jobs with their higher wages and other benefits fell by 6,100 and there was a small downward revision to the previous month's gains. Part-time employment growth made up all of the increase in the headline figure. There was also a bigger-than-usual increase in the number of unemployed. Total unemployment rose by just over thirty-thousand in April. This was less than the increase in the labour ...
- From abs.gov.au|May 15, 2024
In trend terms, in April 2024: unemployment rate remained at 4.0%. participation rate remained at 66.7%. employment increased to 14,289,600. employment to population ratio remained at 64.0%. underemployment rate remained at 6.6%. monthly hours worked increased to 1,955 million. In seasonally adjusted terms, in April 2024: unemployment rate increased to 4.1%. participation rate increased to 66.7%. employment increased to 14,300,000. employment to population ratio remained at 64.0%. underemployment rate increased ...
Released on Jun 12, 2024 |
---|
Released on May 15, 2024 |
---|
- Details