The jobs report from Australia was awful:
- Australia jobs report April: Employment Change -594.3K (vs. -575K expected) 6.2% unemployment rate
- AUD and NZD fall to fresh session lows after the terrible Australian job loss numbers
Prime Minister Morrison comments:
- tough day for Australia
- knew there would be hard news on job losses
- must brace for more hard news to come
- economy is reopening
Like I said earlier, this sort of news is going to be repeated over and over again as data hits from economies around the world.
