Australia unemployment rate falls

Summary: Australia unemployment rate falls to 5.5% in January 2018 Australian economy adds 16,000 jobs during the month A decline in full-time jobs that was offset by an increase in part-time jobs Wage growth continues to remain weak The Australian labour market conditions showed signs of strengthening in the New Year as the eco...

2018-03-23 John Benjamin Read more
Australian Dollar_AUDUSD_2403

The Australian dollar was seen re-testing the familiar 0.7680 resistance level after prices previously pulled back falling to a 7-week low. The price action near 0.7680 remains critical as AUDUSD has chalked out a symmetrical triangle pattern with the possibility of a bullish breakout. The Aussie managed to keep its gains despite the U.S. Feder...

2017-03-24 John Benjamin Read more
Australia_Unemployment data

Unemployment Rises In December The latest labour market readings from Australia showed that the Unemployment rate rose by 0.1% in December to 5.8%, which means the indicator remained roughly unchanged over the course of 2016 and above its full employment level of 5% - 5.25%. Jobs growth remained firm over the month at 13.5k, beating the mark...

2017-01-19 James Harte Read more
US Flag_Department of Commerce

The dollar fell to 18-month lows earlier today after the Bank of Japan left monetary policy unchanged. New Zealand’s quarterly GDP numbers beat forecasts, rising 0.70%. Australia’s unemployment rate remained unchanged at 5.70%. In the UK, retail sales continued to surge. In the US, monthly consumer inflation tame! Today’s Economic events ...

2018-02-14 John Benjamin Read more