Trade Desk Thoughts - Australia Employment Change

Australia Employment Change Actual 2.2K, Expected 0.0K, Previous 14.6K

Release Explanation: This report tracks the number of employed in Australia. The figure appears in the monthly Labor Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.

Trade Desk Thoughts: Employment change in Australia increased by a seasonally adjusted 2.2K jobs in September to 10,737,000. This is better than the 0.0K analysts had initially forecasted. Full time employment decreased by 15.4K and part time employment increased by 17.7K for the month of September.

Forex Technical Reaction: This release has not affected the Australian dollar as the pair trades below the neutral LFB pivot point at .6717.

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