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Data from Australian Bureau of Statistics. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Employment Change s.a. held to 1.1K in June 2013
Australian Bureau of StatisticsMonthlyReleased June 2013
Australia Employment Change s.a. held to 1.1K in June 2013. The print exceeded the -10K consensus by 11.1K. The print is running well below the 12-month average of 71.5K.
Latest Release
1.1
Actual
-10
Consensus
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Employment Change s.a. (Australia) was reported at 1 thousand in June 2013. This beat the market consensus of -10 thousand by 11 thousand. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
Auto-generated from current model state · Refreshes on each release · Last update June 2013.
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Employment Change s.a. - AU
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About Employment Change s.a. — Australia
DEFINITION
Employment Change s.a. is a financial indicator that measures the net change in the number of employed individuals in a specific time period, after adjusting for seasonal fluctuations. It provides valuable insights into the health of the job market and overall economic growth, making it a key metric for investors, policymakers, and businesses. A positive employment change s.a. indicates an increase in job opportunities and consumer spending, while a negative change may signal a weakening economy. This indicator is widely used to assess the current and future state of the labor market and inform strategic decision-making.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2013): actual 1.1 K, consensus -10 K. Prior reading (Mar 2013): 71.5 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.