Australia: Payroll jobs remained steady in July while Victoria saw a fall – ABS

According to the latest data published by the Australian Bureau of Statistics (ABS), payroll jobs nationwide remained steady through July while Victoria saw a fall.

Additional details

"Payroll jobs fell 1.5% in Victoria through July ahead of the introduction of stage 4 COVID-19 restrictions."

"Nationally, payroll jobs remained 4.5% below mid-March."

The data comes ahead of the official monthly jobs report due this Thursday, with the country’s unemployment rate likely to jump to 7.8% in the reported month.

Market reaction

AUD/USD picked-up fresh bids on the NAB Business Survey and the above data release, now challenging daily highs near 0.7165, up 0.27% on a daily basis.