$A falls on weak jobs figures

The Australian dollar fell after the release of weaker than expected employment data.

File photo of an Australian dollar

(File: AAP)

The Australian dollar fell by more than three quarters of a US cent after the release of weaker than expected jobs figures.

Australia's unemployment rate rose to 6.0 per cent in January, and the number of people with jobs fell by 3,700 to 11.46 million during the month.

Economists had expected total employment to rise by 15,000 in December and unemployment to be 5.9 per cent.

At 1137 AEDT, the Australia dollar was worth 89.39 US cents, down from 90.25 cents just before the data was released.


1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world