Australia: Recovery in payroll jobs continued through May – ABS

Dhwani Mehta FXStreet

According to the latest employment data published by the Australian Bureau Of Statistics (ABS) on Tuesday, the country’s payrolls rose 0.4% between the week ending May 23 and May 30.

Additional details

Total wages paid increased by 0.7%.

Total payroll jobs increased by 1.0% through May.

Jobs losses at 7.5% by end of May from peak loss of 8.9% in mid-April.

Head of Labour Statistics at the ABS, Bjorn Jarvis, said: “Looking at the week-to-week changes, there was a 0.4 percent increase in the number of payroll jobs in the week ending 30 May, following no change recorded in the week ending 23 May (0.0%).”

Market reaction

The aussie dollar is little affected by the RBA minutes, Australian House Price Index and Payrolls data. At the press time, AUD/USD adds 0.33% to trade around 0.6940 levels.

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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