Australian unemployment results for November came out today. The market was expecting a figure of around 4.3%, but the actual amount was 4.5%. This had an immediate negative impact on the AUD, as it has fallen to 0.8828 against the USD by 12:14pm Australian EST.
The number of employed increased by 52,600 in November - more than the 20,000 that had been forecast. The seasonally adjusted workforce participation rate increased to 65.3 percent in November - up from 65.0 percent in October.
The number of people employed in November was 10.58 million, marking an rise of 30,000 from October's 10.53 million. The total number of full-time workers in November rose by 8,200 to 7.6 million. The total number of part-time workers was up 44,400 to 2.99 million.
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