Against expectations, Australian employment rose by 5.9k in March and monthly hours worked recorded the largest increase in over a year, economists at ANZ Bank apprise. Key quotes “Employment rose by 5.9k in March, with a 6.4k rise in part-time employment offsetting a 0.4k fall in full-time employment. Monthly aggregate hours worked recorded the largest increase in over a year of 0.5% m/m.” “The unemployment rate rose by 0.1ppt to 5.2%. Underemployment also rose by 0.1ppt to an almost three-year high of 8.8%, which saw underutilisation hit 14% for the first time in almost two years. Participation was steady at 66.0%.” “The ABS reported ‘some small early impact’ from COVID-19 but noted that ‘any impact from the major COVID-19 related actions will be evident in the April data’. This expectation is supported by Roy Morgan research, with its measure of the unemployment rate more than doubling between early and late March.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI jumps back above $20 on expectations of sharp drop in Russian oil products exports FX Street 2 years Against expectations, Australian employment rose by 5.9k in March and monthly hours worked recorded the largest increase in over a year, economists at ANZ Bank apprise. Key quotes “Employment rose by 5.9k in March, with a 6.4k rise in part-time employment offsetting a 0.4k fall in full-time employment. Monthly aggregate hours worked recorded the largest increase in over a year of 0.5% m/m.” “The unemployment rate rose by 0.1ppt to 5.2%. Underemployment also rose by 0.1ppt to an almost three-year high of 8.8%, which saw underutilisation hit 14% for the first time in almost two years. Participation was steady at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
