Australia: Jobs change +53.0K (expected +20K) Unemployment rate 3.5% (expected 3.6%)

The monthly Labour Force Survey from the Australian Bureau of Statistics.

Employment Change: +53.0K for a very solid beat

• expected +20.0K, prior +64.6K

Unemployment Rate: 3.5% and also a beat

• expected 3.6%, prior 3.5%

Full-Time Employment Change: +72.2K

• expected +8.0, prior was 74.9K

Part-Time Employment Change: -19.2K

• prior was -10.3K

Participation Rate: 66.7%, higher - this will add to the gloss on the jobless rate beat

• expected 66.6%, prior was 66.6%

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Underemployment 6.2% (prior 5.8%)

Underutilisation rate 9.7* (prior 9.3%)

Hours worked fell by -0.2% (seasonally adjusted)

• prior +3.8%

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This is a very strong report. If the Reserve Bank of Australia is worried about how its rate hikes are impacting the jobs market this'll go some way to ease those fears. The prospects of a May rate hike have risen after this report. Of course we await the latest inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term indications, the next quarterly CPI data is due on Wednesday 26 April.