Breaking: Australia’s Unemployment Rate declines to 3.9% in November vs. 4.2% expected
Trending Articles- Gold Price Forecast: Gold May Break $4,500 as Fed Rate-Hike Expectations Continue to Cool
- Gold gains momentum to near $4,400 as Fed hike expectations drop despite Us-Iran tensions
- Gold Price Forecast: Will Gold Rise or Fall in the Short Term as Fed July Minutes Approach?
- Forex Today: US Dollar stabilizes ahead of next batch of US data
- Australian Dollar gains as US Dollar struggles amid fading Fed rate hike bets
- WTI declines below $82.50 as oil inventories rise far more than expected
Australia’s Unemployment Rate came in at 3.9% in November, compared with the previous figure of 4.1%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in below the market consensus of 4.2%.
Furthermore, the Australian Employment Change arrived at 35.6K in November from 12.1K in October (revised from 15.9K), compared with the consensus forecast of 25.0K.
Market reaction to the Australia’s employment data
At the time of writing, the AUD/USD pair is trading 0.60% higher on the day to trade at 0.6409.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
