A$ down 20 pips following surprise December jobs data.
The seasonally adjusted number of persons employed increased by 13,500 in December 2016. The seasonally adjusted unemployment rate increased by 0.1 percentage points to 5.8 per cent, and the seasonally adjusted labour force participation rate increased by 0.1 percentage points to 64.7 per cent.
Full-time employment increases for third straight month-Monthly trend full-time employment increased by 7,000 in Australia in December 2016, according to figures released by the Australian Bureau of Statistics (ABS) today. This was the third consecutive month of increasing full-time employment.
“Over the past year we have seen a shift towards part-time employment, particularly in the first half of 2016. There are now around 120,900 more people working part-time than there were a year ago, and around 35,300 fewer people working full-time. Since December 2015, the share of part-time employment increased from 31.1 per cent to 31.9 per cent,” said the General Manager of the ABS’ Macroeconomic Statistics Division, Bruce Hockman.
The trend participation rate was unchanged at 64.6 per cent.