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The Aussie Employment data was released at 11:30am and came out at down 594.3k. The unemployment rate jumps to 6.2% from 5.2%. Markets was mixed after the release and barely moved as more jobs were lost but the unemployment rate did not go up as high expected.
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Jobs Data
PREVIOUS +5.9k
EXPECTATIONS -575k
ACTUAL – 594.3k
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Unemployment Rate
PREVIOUS 5.2%
EXPECTATIONS 8.3%
ACTUAL 6.2%
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Chart Prior to release
