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Another Hefty Increase on Australian Employment, says ABS


May, 18 2017
watermark Economic news

The Australian currency was able to enter again the positive grounds followed by an increase in employment data in April while the unemployment rate decrease reaching its lowest level for this year.

The economy of Australia was able to add more jobs about 37,400, the figures are lower than the previous month reaching 60,000 approximately, however, the number remains strong according to the report of the Australian Bureau of Statistics. Because it surpasses the estimated 5,000 jobs assessed by the economists.

The jobless rate declined by 5.7 percent versus 5.9 percent in the month of March which reaching an equal value in January.

Moreover, central bank’s minutes of meeting was released showing a thorough discussion regarding the adjustment in the employment composition as it indicates the differences between the full-time and part-time works and it became less important when it comes to the assessment of the labour market status.

Additionally, the Aussie expanded hitting 0.3 percent towards  $0.7456 after the publication of the stronger data.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.