Australia: Payroll jobs rose in August while Victoria’s fell again – ABS

Dhwani Mehta FXStreet

The latest data published by the Australian Bureau of Statistics (ABS) showed on Tuesday, a slowdown in the rate of job losses in the coronavirus-hit Victoria when compared to a month ago.

Additional details

“Payroll jobs fell by 0.4% over the month to 22 August.”

“Payroll jobs fell by 2% in Victoria while for the rest of Australia, payroll jobs rose 0.1%.”

“While payroll jobs continued to fall in Victoria into the third week of August, it was at a slower rate than earlier in the month.”

Market reaction

AUD/USD is flatlined around 0.7275, unperturbed by the mixed Australian NAB Survey and payroll data. Quiet trading and a lack of strong catalysts could be the reasons behind the listless performance of the aussie.

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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