News & Analysis

Employment data lifts AUD

Oct 19, 2017 | Forex News

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

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