Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

What’s New with Australian Unemployment Rate?

What’s New with Australian Unemployment Rate?

Information is not investment advice

What will happen?

The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT. The Unemployment Rate is a major signal of overall economic health, as consumer spending is highly correlated with labor market conditions. It shows the percentage of unemployed people who are actively looking for work. In turn, the Employment Change shows the change in the number of employed people during the previous month.

Possible AUD reaction

Australia's unemployment is now at the lowest level since May 2020, when Covid-19 was at its peak. According to the Australian Bureau of Statistics, more than 20 000 full-time jobs were added to the economy in March, with less than 3 000 part-time jobs cut, making the unemployment flat at a seasonally adjusted 4.0%.

The results were worse than expected. However, the AUDUSD had slightly dipped and then recovered. If you traded one lot at that moment, the maximum profit could be $202.00.

3.png

How to trade on Australian Unemployment Rate release?

It’s important to note that a higher Employment Change and a lower Unemployment Rate are good for the economy. Lower Employment Change and a higher Unemployment Rate are the opposite. As a result, the first situation will be attractive for the bulls of the AUD due to increased demand for the currency. We suggest you follow the Forecasts in the economic calendar to predict the AUD reaction.

  • If the Employment Change is higher and the Unemployment Rate – lower than the forecasted, the AUD will rise.
  • If the situation is vice versa, the AUD will fall.

Check the Economic Calendar.

Instruments to trade: AUDUSD, AUDCHF, AUDNZD, AUDJPY

Similar

How Will US PMIs Affect the USD?

The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.

Will Fed Chair Powell Move the USD?

The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

Popular

How Will US PMIs Affect the USD?

The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.

Will Fed Chair Powell Move the USD?

The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later