Sue Trinh, Senior Currency Strategist at RBC Capital Markets, suggests that the lower Australian unemployment rate masks a more subdued labour market picture.
“With trend monthly employment growth modest, job creation concentrated in part time jobs, and falling hours worked. We expect a modest employment print of +10k in September (cons: 15k), with the unemployment rate edging higher to 5.7% (cons: 5.7%).”
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 securities. 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 Forex 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.