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Australia adds 14K jobs in July vs. consensus 10K. The unemployment rate drops to 5.2% vs....

Australia adds 14K jobs in July vs. consensus 10K. The unemployment rate drops to 5.2% vs. consensus 5.3%. The aussie quickly tacks on 25 pips, now at a 5-month high vs. the greenback and buying $1.0589.
Comments (3)
  • Somebody's doing something right down under!
    8 Aug 2012, 10:44 PM Reply Like
  • BOBee, you wouldn't know what if you lived here. Every level of government is the worst in living memory.
    9 Aug 2012, 12:07 AM Reply Like
  • Look at the details, e.g.:

     

    - "Aggregate hours worked in July 2012 were 0.2 per cent lower than in July 2011".

     

    -"The July participation rate was 65.2 per cent, compared with 65.3 per cent in June." [Here we go again.]

     

    This report looks totally blah. Not specifically bad, but not specifically good, either. No recession indicated, likewise no growth. Flatliner.
    8 Aug 2012, 11:09 PM Reply Like
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