According to the latest data published by the Australian Bureau of Statistics (ABS), payroll jobs nationwide remained steady through July while Victoria saw a fall.
Additional details
“Payroll jobs fell 1.5% in Victoria through July ahead of the introduction of stage 4 COVID-19 restrictions.”
“Nationally, payroll jobs remained 4.5% below mid-March.”
The data comes ahead of the official monthly jobs report due this Thursday, with the country’s unemployment rate likely to jump to 7.8% in the reported month.
Market reaction
AUD/USD picked-up fresh bids on the NAB Business Survey and the above data release, now challenging daily highs near 0.7165, up 0.27% on a daily basis.
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