Australian payrolls fall 1.1% between mid-June and mid-July – ABS

According to the latest weekly employment data released by the Australian Bureau of Statistics (ABS), the total payrolls fell 1.1% between mid-June and mid-July, in the wake of the fresh regional lockdowns as Victoria saw a fresh wave of coronavirus infections.

Additional details

“Total payroll jobs decreased 2.2% in Victoria as additional COVID-19 restrictions were re-“introduced.”

“Nationwide, payroll jobs are 5.6% below mid-March levels, when Australia recorded its 100th confirmed COVID-19.”

Market reaction

AUD/USD is unperturbed by the downbeat Australian jobs, as it heads towards multi-month tops of 0.7183 amid relentless US dollar selling and the upbeat market mood.

The aussie now trades at 0.7172, up 0.30% on the day.