The aussie may move on a jobs data

The aussie may move on a jobs data

Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.

The indicator of employment change shows the change in the number of employed people during the previous month. The unemployed rate, released at the same time as employment change, represents the percentage of the total workforce that is unemployed. According to the forecast, employment change will advance by 15.3 thousand jobs, while the unemployment rate will remain at the same level of 5.3%. How may the indicators move the AUD?

• If the employment change is higher, and the unemployment rate is lower than the forecasts, the AUD will rise;

• If the employment change is lower and the unemployment rate is higher than the forecasts, the AUD will fall.

Check the economic calendar

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