The Employment Change indicator is released by the Australian Bureau of Statistics and shows the change in the number of people employed during the previous month, and the higher he number, the better for the economy.
Employment related data is strongly linked with consumer spending and this is why anything regarding jobs is being viewed as extremely important by market participants.
The most important things to take into consideration when looking at the Employment Change in Australia are:
- release date: monthly, about 10 days after the month ends;
- release time: 01:30 GMT during the Asian trading session;
- extremely volatile;
- first tier economic data;
- brings volatility.