{"id":80910,"date":"2015-11-12T02:01:51","date_gmt":"2015-11-12T07:01:51","guid":{"rendered":"http:\/\/countingpips.com\/?p=80910"},"modified":"2015-11-12T06:11:18","modified_gmt":"2015-11-12T11:11:18","slug":"australian-jobs-data-lift-aussie","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/australian-jobs-data-lift-aussie\/","title":{"rendered":"Australian jobs data lift aussie"},"content":{"rendered":"
November 12, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

The Australian Bureau of Statistics reported that nearly 60,000 jobs were created on net last month \u2014 about quadruple the figure expected \u2014 driven by 40,000 full-time positions. The unemployment rate fell to 5.9 per cent from 6.2 per cent.<\/p>\n

The Aussie dollar jumped 1.1 per cent to $0.7140, the Reserve Bank of Australia won\u2019t be cutting rates in 2015, and perhaps not in February, either, as many had expected.<\/p>\n

The ongoing strength in trend employment growth (now running at +19,000 jobs a month) is consistent with the economy continuing to hold up reasonably well.<\/p>\n

Thursday\u2019s data offered evidence that record low rates and a weak currency were lifting the labour-intensive service sectors of the economy out of the hole left by a mining slump. The annual pace of employment growth even surpassed that of the United States, where recent payrolls strength had all but assured a hike in interest rates next month.<\/p>\n

The breakdown of the jobs report was upbeat with 40,000 new full-time positions. The annual pace of employment growth accelerated to 2.7 percent, compared to 2.0 percent in the U.S.
\nMeanwhile, growth in hours worked climbed to a seven-year high in a sign the economy was speeding up after a sluggish start to the year.<\/p>

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However, some analysts cautioned that the jobs data were volatile and have had measurement problems in the past, but noted other indicators of labour demand had been improving for some months.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The Australian Bureau of Statistics reported that nearly 60,000 jobs were created on net last month \u2014 about quadruple the figure expected \u2014 driven by 40,000 full-time positions. The unemployment rate fell to 5.9 per cent from 6.2 per cent. The Aussie dollar jumped 1.1 per cent to $0.7140, the Reserve Bank […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-80910","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=80910"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80910\/revisions"}],"predecessor-version":[{"id":80931,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80910\/revisions\/80931"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}