AU Employment Change
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
This is vital economic data released shortly after the month ends;
- AU Employment Change Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 12, 2024 | 39.7K | 30.5K | 37.4K |
May 15, 2024 | 38.5K | 22.4K | -5.9K |
Apr 17, 2024 | -6.6K | 7.2K | 117.6K |
Mar 20, 2024 | 116.5K | 39.7K | 15.3K |
Feb 14, 2024 | 0.5K | 26.4K | -62.7K |
Jan 17, 2024 | -65.1K | 15.4K | 72.6K |
Dec 13, 2023 | 61.5K | 10.6K | 42.7K |
Nov 15, 2023 | 55.0K | 22.8K | 7.8K |
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- AU Employment Change News
- From think.ing.com|Jun 13, 2024
Financial markets have given up much hope of rate cuts in Australia this year, so today's decent labour report won't have caused too much of a stir. Total employment in May rose by 39,700. This was more than the 30,000 expected, and slightly stronger than the 37,400 increase in April. Unlike April's number, all of the employment in May came from full-time jobs. These provide not only better wages but better perks and are, as a result, more positive for consumer sentiment. Earlier in the day, we also got CBA household spending data, ...
- From abs.gov.au|Jun 12, 2024|2 comments
In trend terms, in May 2024: Unemployment rate increased to 4.0%. Participation rate remained at 66.7%. Employment increased to 14,355,100. Employment to population ratio remained at 64.1%. Underemployment rate remained at 6.7%. Monthly hours worked increased to 1,958 million. In seasonally adjusted terms, in May 2024: Unemployment rate decreased to 4.0%. Participation rate remained at 66.8%. Employment increased to 14,355,600. Employment to population ratio remained at 64.1%. Underemployment rate remained at ...
- From youtube.com/markets|Jun 11, 2024
Australian Treasurer Jim Chalmers says his country is on track for a soft landing as a result of "moderating inflation and a resilient labor market." He also says that the relationship with China can be "complex to manage" but there are "good economic dividends" from engaging with Beijing. Chalmers speaks to Haidi Stroud-Watts on the sidelines of the Morgan Stanley Australia Summit in Sydney.
- From marctomarket.com|Jun 8, 2024
The market got caught leaning the wrong way. The weakness in April's high-frequency US data encouraged participants to push the US two-year yield to its recent floor near 4.70% and took the 10-year yield to two-month lows, slightly above 4.25%. The Dollar Index was driven below the uptrend line drawn off the December 2023 and March and May 2024 lows. We have argued that while the US economy is slowing, the April data seemed to overstate the case, and the May jobs data will likely set the broad tone of other real sector data. The ...
- From abs.gov.au|May 15, 2024
In trend terms, in April 2024: unemployment rate remained at 4.0%. participation rate remained at 66.7%. employment increased to 14,289,600. employment to population ratio remained at 64.0%. underemployment rate remained at 6.6%. monthly hours worked increased to 1,955 million. In seasonally adjusted terms, in April 2024: unemployment rate increased to 4.1%. participation rate increased to 66.7%. employment increased to 14,300,000. employment to population ratio remained at 64.0%. underemployment rate increased ...
- From xm.com|May 10, 2024
At last weeks meeting, the Fed appeared less hawkish than expected, with Chair Powell ruling out rate hikes and hinting that they are still leaning towards cuts. The softer-than-expected jobs report for April corroborated that view, which was echoed by more policymakers this week. The only official expressing a different view was Minneapolis Fed President Neel Kashkari, who said that interest rates may need to stay at current levels all year and that the bar for a rate hike, although quite high, is not infinite. With all that in ...
- From bnnbloomberg.ca|Apr 18, 2024
Australian employment unexpectedly fell in March and the jobless rate edged higher, unwinding some of the huge upside surprise of the prior month and reflecting restrictive settings of monetary policy. The economy shed 6,600 roles, confounding expectations for a 10,000 gain and following an increase of over 100,000 in February, government data showed Thursday. Unemployment ticked up to 3.8% from 3.7% in February. The data suggests a healthy and still tight labor market, said Su-Lin Ong, chief economist at the Royal Bank of Canada. ...
- From abs.gov.au|Apr 17, 2024|1 comment
In trend terms, in March 2024: unemployment rate remained at 3.9%. participation rate decreased to 66.6%. employment increased to 14,259,800. employment to population ratio decreased to 64.0%. underemployment rate remained at 6.6%. monthly hours worked increased to 1,929 million. In seasonally adjusted terms, in March 2024: unemployment rate increased to 3.8%. participation rate decreased to 66.6%. employment decreased to 14,259,900. employment to population ratio decreased to 64.0%. underemployment rate ...
Released on Jun 12, 2024 |
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Released on May 15, 2024 |
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Released on Apr 17, 2024 |
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