Breaking: AUD/USD drops over 30 pips on Aussie jobs data disappointment

The Australian Employment Change and jobs data released by the Australian Bureau of Statistics has been released as follows and is a disappointment, weighing on the Aussie: 

Australia Employment Change Jan: -11.5K (est 20.0K; prev -14.6K).

Unemployment Rate Jan: 3.7% (est 3.5%; prev 3.5%).

Full Time Empl Change Jan: -43.3K (prev 17.6K).

Part Time Empl Change Jan: 31.8K (prev -32.2K).

Participation Rate Jan: 66.5% (est 66.6%; prev 66.6%).

AUD/USD update

(Prior to the data above)

(Knee jerk reaction below)

The Aussie is under pressure on the Unemployment Rate disappointment and big miss in the Employment Change.

More to come...

About Aussie Employment report

The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).