Breaking: Aussie Unemployment Rate unchanged, overall firm jobs, AUD/USD holding near 0.7206

Australia January jobs report has been released whereby the Unemployment Rate release by the Australian Bureau of Statistics, was unchanged but other key details of the data were bullish for AUD. 

The Employment Change beat expectations at +12.9K (vs the expected 0K) and the Unemployment Rate arrived at 4.2% (vs. the expected and prior 4.2%).

However, the Participation Rate for Jan was a touch higher also at 66.2% (est 66.1%; prev 66.1%).

AUD/USD is so far unreactive to the data in any great shape, moving between 6 pips of volatility around 0.7206.

More to come...

About the Unemployment Rate

The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).