The data was somewhat deceiving. The 500 jobs added came in way lower than forecasted, signaling a weaker labor market.

Taking a closer look at the data though, 21,100 full-time jobs were added to the economy. It was part-time jobs that drastically fell by 20,600, which some attribute to the unwinding of May election temp jobs. That net 500 jobs added wasn't all that bad considering.

The drop in under-utilization by 0.3% to 13.4% shows less slack in the labor market. The pick up in full-time hiring is a welcoming stat, as it's signaling perhaps an uptick in resources investment. Rising wages in the mining sector could be signs of tightness in the labor market. The details of the report also showed under-employment fell by 0.4% to 8.2%.

We are likely to see some shifting in rate expectations for the RBA August meeting, which you can monitor here: RBA Rate Indicator

[quote=Ojiego;12388769]Still amazes me that people come here to seek for trade advise!! If you do not understand basic economic principles, why bother trading? ..... If I could predict the future, I may want to keep my clairvoyant powers to myself. Otherwise, everyone will be knocking down my door asking for the next winning Trades….. Just saying…
clairvoyant my new thread proves i have clairvoyant powers or was it my sixth sense

Still amazes me that people come here to seek for trade advise!! If you do not understand basic economic principles, why bother trading? ..... If I could predict the future, I may want to keep my clairvoyant powers to myself. Otherwise, everyone will be knocking down my door asking for the next winning Trades….. Just saying… Oh! And BTW, Trading and investing are both manifestations of how we make decisions.
That process is a function of our personality, risk tolerance and experience.

AUD has not gone up at all! Bull trap because It's merely an USD retracement.
AUD has no mojo itself to break through the current resistance area. So, both eyes tuned to USD.

oh i did know you new that

Exactly Full time employment drive up the Aussie $ without the news spike,so buyers drive to 7050 once again check the resistance level.

Your intent determine your tone of reporting, so $20m loss could be reported as positive (if not for financial wizardry of the new manager, the extent of loss could have been over $200m), while a goalkeeper that conceded 4 goals could be praised, (if not for the superb efforts of the keeper, the margin could have been far wider)

so if they say employment as increased why as the new start job rate increased

part time jobs dropped 20k and full time jobs up 21k so more people in full employment = good for currency

Better to wait for the market intent (where it will go) for the next few hours

Is it me or does Australia lead the "least confidence in news" stats? Seems like only economy that regularly reissues historic data as an adjustment and amends mechanisms for measuring current data, thereby confusing the information and making it difficult to measure. Lets imagine policy stops me using temp staff to pick fruit or contractors to work in the mines cause policy (or unions) says I need to employ full time...even though that might be the same or less total hours? Is Australia the Greece of the Southern Hemisphere? 3 Questions/Observations...dont care either way but ...any thoughts?

"...clairvoyant my new thread proves i have clairvoyant powers or was it my sixth sense..."

LOLz Aussi-Grit!! You may want to develop your 3rd Eye

Is this good , 0.5 k the result was , in red why AUD went up ?

So is it safe to buy AUD with this data ?

seems down ??

Interesting headline for a 'no change' in total people participating in the labour market?

I guess best is to go with US... atleast its go with the actual data...

AUD is funny recently. It went up after interest dropped and any other bad news including today's unemployment change.
Keep short