Unemployment up, stocks down: Afternoon market insights

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.

 

 

COMMENTS

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments