💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Australian employment steady in July, Victoria suffers setback

Published 11/08/2020, 11:41 am
Updated 11/08/2020, 11:42 am
© Reuters.

SYDNEY, Aug 11 (Reuters) - Australian employment was steady through July, weekly data showed on Tuesday, though the southeastern state of Victoria, which is grappling with a fresh wave of coronavirus infections, suffered a setback.

The number of payroll jobs nationwide eased 0.1% in July while Victoria recorded a fall of 1.5% as strict mobility restrictions and curfews came into effect, data from the Australian Bureau of Statistics (ABS) showed.

Official monthly figures due later this week are expected to show a jump in the national jobless rate to 7.8%, according to a median forecast of economists in a Reuters poll.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.