Unemployment up, stocks down: Afternoon market insights
Thursday, October 11, 2012/
Although the total number of jobs rose in by 14,500 in the past month, the number of unemployed rose faster, leaving the unemployment rate up to 5.4% from 5.1%.
As at 2.45pm today, the S&P/ASX200 had fallen by .02%, as did the ASX All Ordinaries index.
The Australian dollar rose slightly after the release of the new jobs data, from 102.34 cents to 102.60 cents.