The labour market employment report is due from Australia at 0130GMT
I posted the heads up earlier:
To repeat (click-saving initiative!):
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Employment Change: K expected 20K, prior 70.7K
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Unemployment Rate: 5.6% expected %, prior 5.6%
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Full-Time Employment Change: K prior was -20.8K
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Part-Time Employment Change: K prior was 91.5K
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Participation Rate: % expected 66.3%, prior was 66.3%
Heading into the release recent data has been positive:
- jobs vacancy data has held up very strongly (latest is here)
- business confidence and conditions (NAB survey) have also been strengthening, the sub-index on employment rising again in the most recent survey
The big potential negative is the ending of the government employment subsidy/support JobKeeper. Also negative is the difficulty some industries are reporting in finding labour (i.e. can’t hire people you can’t find).
The AUD may very well have a wiggle on the data release but the main focus for it is global developments.
This article was originally published by Forexlive.com. Read the original article here.
