Australian data - Job vacancies for November 2022 -4.9% q/q (prior -2.1%)

The quarterly Job Vacancies Survey from Australia. Historically strong job vacancies still.

Key statistics, seasonally adjusted estimates for November 2022:

• Total job vacancies were 444,200, a decrease of 4.9% from August 2022.
• Private sector vacancies were 396,800, a decrease of 6.0% from August 2022.
• Public sector vacancies were 47,400, an increase of 6.0% from August 2022.

Prior data, for August 2022:

• Total job vacancies were 470,900, a decrease of 2.1% from May 2022.
• Private sector vacancies were 425,500, a decrease of 3.3% from May 2022.
• Public sector vacancies were 45,300, an increase of 10.5% from May 2022.

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Monthly jobs data has still been solid in Australia. This data point is not as focused upon as the monthly data.

Speaking of focus, this is what'll be grabbing most attention of AUD AUD The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank Read this Term markets today, out at the same time and wee bit ugly. Headline and core 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 both higher in November from October:

• Australia Monthly Consumer Price Index indicator, November 2022: 7.3% y/y (prior 6.9%)

AUD had a pop on the view that the RBA will not be backing off from rate hikes just yet. Th next meeting is February 7, a +25bp rate hike is the analyst consensus at this stage. With many analysts on summer holidays his could change when they get back, but not on the basis of this data!

• Ahead of the Feb meeting the December monthly CPI,and Q4 2022 quarterly CPI (the more important of the two) will be published by the Australian Bureau of Statistics on January 25