Breaking: Australia’s Unemployment Rate declines to 3.9% in November vs. 4.2% expected
Trending Articles- Bitcoin Reclaims $70,000. Cathie Wood Claims Near Potential Bottom, Will This Time Be Different?
- Gold Price Forecast: XAU/USD falls below $5,050 as traders await US jobs data
- Bitcoin Flirts With ‘Undervalued’ As MVRV Slides Toward 1
- Gold climbs to $5,050 as Fed-driven USD weakness offsets positive risk tone ahead of US NFP
- Is the Crypto Rally Dead? Why Bernstein Still Predicts a $150K Bitcoin Peak Despite Waller’s Warnings
- Silver Price Forecast: XAG/USD rebounds above $76.50 after sharp drop, eyes on US CPI data
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.
