Australian Dec employment report: Decent data, full time jobs on the rise

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - Australia published better-than-expected employment figures for the month of December, with the ABS reporting an decrease in total employment of just -1k (seasonally adjusted) vs -12.5k expected. Full-time jobs came in at 17.6k vs 47.3k last (revised), while part-time saw a jump -18.6k. Australian unemployment rate was unchanged at 5.8%, with the participation rate at 65.1% vs 65.3% last.


    TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,893,800.
    Unemployment decreased to 734,300. Unemployment rate decreased 0.1 pts to 5.8%.
    Participation rate increased less than 0.1 pts to 65.2%. Monthly hours worked in all jobs increased 2.8 million hours to 1,649.9 million hours.

    SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment decreased 1,000 to 11,902,300 from a revised November 2015 estimate. Full-time employment increased 17,600 to 8,228,700 and part-time employment decreased 18,500 to 3,673,600. Unemployment decreased 10,900 to 727,500. The number of unemployed persons looking for full-time work decreased 2,600 to 515,000 and the number of unemployed persons only looking for part-time work decreased 8,400 to 212,500. Unemployment rate decreased 0.1 pts to 5.8%, based on unrounded estimates. Participation rate decreased 0.1 pts to 65.1%, based on unrounded estimates. Monthly hours worked in all jobs increased 0.3 million hours to 1,645.2 million hours.
    For more information, read our latest forex news.

Share This Page

free forex signals