Australia: Payroll jobs rose in August while Victoria’s fell again – ABS
|The latest data published by the Australian Bureau of Statistics (ABS) showed on Tuesday, a slowdown in the rate of job losses in the coronavirus-hit Victoria when compared to a month ago.
Additional details
“Payroll jobs fell by 0.4% over the month to 22 August.”
“Payroll jobs fell by 2% in Victoria while for the rest of Australia, payroll jobs rose 0.1%.”
“While payroll jobs continued to fall in Victoria into the third week of August, it was at a slower rate than earlier in the month.”
Market reaction
AUD/USD is flatlined around 0.7275, unperturbed by the mixed Australian NAB Survey and payroll data. Quiet trading and a lack of strong catalysts could be the reasons behind the listless performance of the aussie.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.