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Data from Australian Bureau of Statistics. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Employment Change SA held to -36.1K in April 2013
Australian Bureau of StatisticsMonthlyReleased April 2013
Australia Employment Change SA held to -36.1K in April 2013. The reading missed the -5K consensus by 31.1K.
Latest Release
-36.1
Actual
-5
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 SA (Australia) was reported at -36 thousand in April 2013. This missed the market consensus of -5 thousand by 31 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 April 2013.
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Employment Change SA - AU
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About Employment Change SA — Australia
DEFINITION
Employment Change SA is a widely used financial indicator that measures the net change in the number of employed individuals in a specific country or region, after adjusting for seasonal variations. It provides valuable insights into the health of the labor market and overall economic conditions, making it a key tool for investors, policymakers, and businesses. A positive Employment Change SA indicates an increase in job opportunities, while a negative change suggests a decline in employment. This indicator is closely monitored by analysts and can have a significant impact on financial markets.
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 (Apr 2013): actual -36.1 K, consensus -5 K.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.