Aussie jobs report disappoints AUD a touch softer

  Australias March labour force survey was released today and the expectations for another strong headline print were not met and AUD/USD was under pressure on the knee-jerk.

  Aussie jobs data

  Australian Unemployment Rate March: 4.0% (expected 3.9%; previous 4.0%) .

  Employment Change March: 17.9K (expexted 30.0K; previous 77.4K).

  Full-Time Employment Change: +20.5K vs, the prior was +121.9K.

  Part-Time Employment Change: -2.6K vs. the prior -44.5K.

  Participation Rate: 66.4% vs. the expected 66.5%, prior was 66.4%.

  AUD/USD is pressured as follows:

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  More to come…

  About the Employment Change

  This is 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).

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