Australia December 2024 unemployment rate 4.0% (vs. 4.0% expected)

The latest Labour Force report from the Australian Bureau of Statistics. Another blockbuster

Employment 56.3k !!!!!!!!!!!!!!!

• expected +15.0k, prior +35.6.1k

Unemployment Rate 4.0%

• expected 4.0%, prior 3.9%

Participation Rate 67.1%

• expected 67.0%, prior 67.0%

Full Time Employment -23.7k (part time 80K (prior -17K) )

• prior +52.6k

A huge headline number for the jobs added of 56K vs. the 15K expected. The note on this is there was a loss of full-time jobs but a huge gain for part-time jobs. This’ll take some of the shine off the headline.

Unemployment ticked up to 4.0%. Participation ticked higher also.

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AUD/USD popped to 0.6248, a one-week high for the hapless AUD.

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This article was written by Eamonn Sheridan at www.forexlive.com.