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Australia July Jobs -14.6K (vs. +15K expected) & Jobless rate 3.7% (vs. 3.5% exp)

Australia July Jobs -14.6K (vs. +15K expected) & Jobless rate 3.7% (vs. 3.5% exp)
A sad report from Australia. Outsized fall in full time employment is not encouraging. AUD/USD marked lower to under 0.6370.The unemployment rate at 3.7% is still just off its nearly 5-decade low, but is back up at the level from May last year. underutilization rate is 10.1%, another indication of weakness, back to March 2022 highsThe Reserve Bank of Australia next meet on September 5. This report pretty much locks in another on-hold cash rate decision. We do get the monthly inflation data befor... Read More
Posted: Aug 17 2023, 01:30
Author Name: forexlive
Views: 022189

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