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AUD/USD marked lower on the disappointing jobs data for April (unemployment rate higher)

While 25,000 jobs were expected to be added in April, 4,300 were lost! Job growth was strong in earlier months of this year. The unemployment rate jumped to 3.7% from March's 3.5%. This is still historically low but an increase in joblessness is not welcome. The rapid expansion in immigration after it ground to a halt during the pandemic is adding to the labour force pool. Data post is here:Australia Jobs -4.3K (vs. +25K expected) & Unemployment rate 3.7% (vs. 3.5% expected)The data today gives... Read More

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Content Topics

Aud

Usd

Marked

Lower

Disappointing

Jobs

Data

April

Aud usd

unemployment

Higher

Forex

Posted: May 18 2023, 01:41

Author Name: forexlive

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