Australia labour data rises 10.4K, but 10K full-time jobs lost

Australia employment change came upbeat this time, rising by 10.4K vs 6K expected - but almost all due to part time jobs - with the unemployment rate at 5.4%. On the flip side, full time jobs fell 9,800. Participation was pretty much as expected, at 65% vs 65.1%. Meanwhile, in a parallel publication, the NAB business confidence (4Q) came in at -5 vs -4 in the previous quarter.

Feb 7, 2013

Japan Foreign investment in Japan stocks ¥419.5B in Feb

Forex: AUD/USD unch in response to mixed AU jobs data; biased lower

Mixed reaction from AUD/USD to Australian jobs data, as the unemployment rate unexpectedly remains unchanged at 5.4%, when a rise to 5.5% was expected, and +10400 new more jobs were added to the economy, even though -9800 full time jobs were lost. Thus Aussie remains at same quote previous to the news at 1.0319 last, topping at 1.0334, and printing a low at 1.0309.