Australia. Employment Change. The value of the indicator has increased from -1.1K to 2K

A report on this calendar event is released monthly by the Australian Bureau of Statistics.

This indicator measures the absolute change in the number of employees in the country who are officially employed full-time or part-time during the reference period.

It is calculated on the basis of a sample survey of a part of the country's population aged 15 and over. It excludes categories of citizens such as foreign residents, diplomats and regular members of the armed forces.

Employment is one of the most important indicators of the state of the economy.

An increase in employment indicates a revival of the labor market, economic recovery and growth of social welfare in the country; it is a leading indicator of household expenditures and is considered a favorable factor in assessing the state of the economy.

In addition, the employment change rate indirectly influences such an important indicator as the country's gross domestic product.

Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of AUD.