What is it? It check the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
Usual Effect: If the number is smaller than expected, you can expect the AUD to rise.
When? October 8th at 8:30pm Eastern Time.
Trading Tip: This announcement can greatly affect the AUD, make sure to make your trades before.
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