News & Analysis
Employment data lifts AUD
Today’s employment data gave the AUD a lift to the USD and JPY. On release, the AUDUSD increased by 25 pips to .7871. The AUDJPY added 24 pips to hit an 88.87 high.
The data shows a steady increase in employed persons – a gain of 2.8% from September 16 to September 17.
Meanwhile, unemployment fell to 5.5% in September – a -.3% decrease from September 16 to September 17.
The table below shows a breakdown of current unemployment situation by states, in trend and seasonally adjusted figures. As we can see, Victoria continues to lead with the highest unemployment in September 17.
Source: Australian Bureau of Statistics