Australian employment report for April
Employment Change: -2.9K
- expected 4.0K, prior was +48.1K revised from +37.7K. More on the prior here and here
Unemployment Rate: 6.2%
- expected 6.2%, prior 6.1%
Full Time Employment Change, -21.9K
- prior was +41.3K, revised up from 31.5K
Part Time Employment Change, +19.0K
- prior was +6.8K, revised higher from 6.1K
Participation Rate, 64.9
- expected is 64.8%, prior was 64.8%
AUD/USD being sold - that full time result is very poor
Note, though, aggregate hours worked is up (seasonally adjusted aggregate monthly hours worked series up 17.8 million hours (1.1 per cent)) and the revisions to the prior numbers - see above - are strong
Update - as the revisions hit the AUD has bounced to be more or less unchanged, up a few points from immediately prior to the release
