Breaking: Aussie Employment, -4.3K, below expectations (25K) in April

The Australian Employment report has been released as follows:

• Australia Employment Change s.a. came in at -4.3K, below expectations (25K) in April
• Australia Unemployment Rate s.a. above expectations (3.5%) in April: Actual (3.7%)
• Australia Participation Rate in line with expectations (66.7%) in April
• Australia Part-Time Employment: 22.8K (April) vs -19.2K
• Australia Full-Time Employment down to -27.1K in April from previous 72.2K

More to come...

AUD/USD update

AUD/SD has dropped heavily on the release as follows:

About Aussie Employment Change

The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).