Just puttin’ it all in one place:
- Employment Change January: -3.7K (expected 15.0K, prior -23.0K, revised down from-22.6K)
- Unemployment Rate: 6.0% (expected 5.9%, prior 5.8%)
- Full Time Employment Change: -7.1K (prior was -32.1K, revised down from-31.6K)
- Part Time Employment Change: 3.4K (prior was 9.1K, revised up from 9.0K)
- Participation Rate: 64.5% (expected 64.6,% prior was 64.5%, revised down from 64.6%)
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Preview is here
- TERRIBLE result – AUD/USD responding as you would expect – big hit lower
- Note that the December results have been revised worse also (except for the part-time figure)
- Aggregate monthly hours worked increased to 1,622.4 million hours (those with jobs are working longer)
- Employment decreased to 11,466,900
- Unemployment increased to 717,700
- Full time employment down for second consecutive month
- Total employment is the lowest since March
- Unemployment rate highest since July 2003
- Employment to population tatio is 60.6%, lowest since December 2004
More here: Australia – employment data – 12 quick analyst reactions – Westpac like the Australian dollar
