Australia August employment data blows past expectations

Omkar Godbole FXStreet Contributor

The official data released this Thursday morning showed the Australian economy added far more jobs in August than expected.

Key points

Employment Change +54.2K, expected +15.0K, previous +27.9K
Unemployment Rate 5.6%, expected 5.6%, previous 5.6%
Full Time Employment Change +40.1, previous -19.8K
Part Time Employment Change +14.1K, previous 48.2K
Participation Rate 65.3%, expected 65.1%, previous 65.1%

The data is positive for the AUD. The 10-year Aussie government bond yield jumped to 2.743%; up more than 6 basis points and at the highest level since August 31.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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