Australia's unemployment rate rose slightly in March to 5.2% from 5.1% in February. Total employment across Australia grew by 5,900 per month. All this was related to the part-time sector (an increase of 6400 people).
Because the data was collected in mid-March, it doesn't reflect the deplorable state of the labour market and the impact of mass quarantine on the Australian economy. We believe that this negative factor will make itself felt in future publications, contributing to an even smoother recovery of #AUDUSD.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #crisis #Australia #AUDUSD #coronavirus
Because the data was collected in mid-March, it doesn't reflect the deplorable state of the labour market and the impact of mass quarantine on the Australian economy. We believe that this negative factor will make itself felt in future publications, contributing to an even smoother recovery of #AUDUSD.
======
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #crisis #Australia #AUDUSD #coronavirus