Australia registers robust employment numbers – TDS

FXStreet (Barcelona) - The TD Securities Team shares that Australia’s robust employment numbers point towards signs of a healthier jobs market, with annual employment growth jumping from 1.3%yoy to 1.9% yoy.

Key Quotes

"Employment rose by 37.5k in December, the unemployment rate fell from 6.3% to 6.1% and the participation rate rose from 64.7% to 64.8%. There were also positive revisions to the prior months, employment nudged higher in Nov from 42.7k to 45k, the unemployment rate dropped from 6.3% to 6.2% with full time and part time jobs both revised up too."

"Annual employment growth jumped from +1.3%/yr to +1.9%/yr a sharp spike that now brings the official report in line with most private sector surveys, pointing to signs of a healthier jobs market. A low and steady unemployment rate of 6.1% is welcome too. All states record a drop in the unemployment rate, except for Western Australia. The unemployment rate jumped from 5.3% to 6% a clear sign that the downturn in the commodity sector is having an impact."