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Unemployment Rate s.a.

The Australian Bureau of Statistics (ABS) publishes an overview of trends in the Australian labour market, with unemployment rate a closely watched indicator. It is released about 15 days after the month end and throws light on the overall economic conditions, as it is highly correlated to consumer spending and inflation. Despite the lagging nature of the indicator, it affects the Reserve Bank of Australia’s (RBA) interest rate decisions, in turn, moving the Australian dollar. Upbeat figure tends to be AUD positive.

Most recent - Thursday 18 May 2023 01:30

Previous
3.5%
Revised
-
Forecast
3.5%
Actual
3.7%

Lower numbers than forecast tend to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.

Next event - Thursday 15 June 2023 01:30

Previous
3.7%
Forecast
3.8%
Actual
-

The typical/expected impact on AUD pairs is high.

The consensus forecast for Unemployment Rate s.a. is 3.8%. A higher value than forecast tends to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.

Trading range

Forecast history

The most recent announced value for Unemployment Rate s.a. was 3.7% against a forecast of 3.5%.

Past events

Date
Forecast
Actual
Thursday 18 May 2023 01:30
3.5%
3.7%
Thursday 13 April 2023 01:30
3.6%
3.5%
Thursday 16 March 2023 00:30
3.6%
3.5%
Thursday 16 February 2023 00:30
3.5%
3.7%
Thursday 19 January 2023 00:30
3.4%
3.5%
Thursday 15 December 2022 00:30
3.4%
3.4%
Thursday 17 November 2022 00:30
3.6%
3.4%
Thursday 20 October 2022 00:30
3.5%
3.5%
Thursday 15 September 2022 01:30
3.4%
3.5%
Thursday 18 August 2022 01:30
3.5%
3.4%
Thursday 14 July 2022 01:30
3.8%
3.5%
Thursday 16 June 2022 01:30
3.8%
3.9%
Thursday 19 May 2022 01:30
3.9%
3.9%
Thursday 14 April 2022 01:30
3.9%
4%
Thursday 17 March 2022 00:30
4.1%
4%
Thursday 17 February 2022 00:30
4.2%
4.2%
Thursday 20 January 2022 00:30
4.5%
4.2%
Thursday 16 December 2021 00:30
5%
4.6%
Thursday 11 November 2021 00:30
4.7%
5.2%
Thursday 14 October 2021 00:30
4.8%
4.6%
Thursday 16 September 2021 01:30
4.9%
4.5%
Thursday 19 August 2021 01:30
5%
4.6%
Thursday 15 July 2021 01:30
5.5%
4.9%
Thursday 17 June 2021 01:30
5.5%
5.1%
Thursday 20 May 2021 01:30
5.6%
5.5%
Thursday 15 April 2021 01:30
5.7%
5.6%
Thursday 18 March 2021 00:30
6.3%
5.8%
Thursday 18 February 2021 00:30
6.5%
6.4%
Thursday 21 January 2021 00:30
6.7%
6.6%
Thursday 17 December 2020 00:30
7%
6.8%
Thursday 19 November 2020 00:30
7.2%
7%
Thursday 15 October 2020 00:30
7.1%
6.9%
Thursday 17 September 2020 01:30
7.7%
6.8%
Thursday 13 August 2020 01:30
7.8%
7.5%
Thursday 16 July 2020 01:30
7.4%
7.4%
Thursday 18 June 2020 01:30
7%
7.1%

Economic context

Other recent announcements which may affect the market's interpretation of the next Unemployment Rate s.a. result:

PreviousLatest
Building Permits (MoM)Bearish change-1%-8.1%
Retail Sales s.a. (MoM)Bearish change0.4%0%
S&P Global Manufacturing PMI(no change)4848
S&P Global Services PMIBearish change53.751.8

About Unemployment Rate s.a.

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Labor Market
Frequency:Monthly
 
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