Australian Bureau of Statistics says payroll jobs fell by 1.0% over the month to 8 August
Reuters reports that the Australian employment fell by 1% over the month to Aug. 8, weekly data showed on Tuesday, with the southeastern state of Victoria that is grappling with a fresh wave of coronavirus infections suffering a further blow.
The release, an experimental series, differs from the monthly official employment data and is based on wage payment figures from the Australian Taxation Office (ATO).
'The latest data showed that after an initial period of recovery between mid-April and mid-June, payroll jobs losses had remained between 4% and 5% below mid-March,' the Australian Bureau of Statistics said.
Payroll jobs fell 2.8% in Victoria.
Key notes
- Australian Bureau of Statistics says payroll jobs fell by 2.8% in Victoria over the month to August 8th.
- Says nationally, payroll jobs at 8 August were around 4.9% below mid-March.
- Australian Bureau of Statistics says payroll jobs fell by 1.0% over the month to 8 August.
Market implications
AUD/USD has been filled by positive trade war headlines in today's session, so the jobs announcements play second fiddle.
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