Australia April 2018 Employment report on 17.05.2018
- prior change 4.9K, revised to -0.7K
- Unemployment 5.6% vs 5.5% exp, prior 5.5%
- Full-time employment change 32.7K vs -19.K prior, revised to -25.1K
- Part-time employment change -10K vs 24.8K prior
- Participation rate 65.6 % vs 65.5% exp, prior 65.5%
- We also had the Melbourne Institute consumer inflation expectations out 30 mins ago, expected at 3.7% from 3.6%
One tenth higher unemployment rate but participation rate a tad higher and a positive rotation from part- into full-time employment. May put AUD in a small lift if anything but the market doesn’t react much immediately after the report
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