Australia: Payroll jobs remained steady in July while Victoria saw a fall – ABS

Dhwani Mehta FXStreet

According to the latest data published by the Australian Bureau of Statistics (ABS), payroll jobs nationwide remained steady through July while Victoria saw a fall.

Additional details

"Payroll jobs fell 1.5% in Victoria through July ahead of the introduction of stage 4 COVID-19 restrictions."

"Nationally, payroll jobs remained 4.5% below mid-March."

The data comes ahead of the official monthly jobs report due this Thursday, with the country’s unemployment rate likely to jump to 7.8% in the reported month.

Market reaction

AUD/USD picked-up fresh bids on the NAB Business Survey and the above data release, now challenging daily highs near 0.7165, up 0.27% on a daily basis.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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