Unemployment up, stocks down: Afternoon market insights

Although the total number of jobs rose in by 14,500 in the past month, the number of unemployed rose faster, leaving the unemployment rate up to 5.4% from 5.1%. As at 2.45pm today, the S&P/ASX200 had fallen by .02%, as did the ASX All Ordinaries index. The Australian dollar rose slightly after the release of […]

Kath Walters 11 October, 2012

Although the total number of jobs rose in by 14,500 in the past month, the number of unemployed rose faster, leaving the unemployment rate up to 5.4% from 5.1%.

As at 2.45pm today, the S&P/ASX200 had fallen by .02%, as did the ASX All Ordinaries index.

The Australian dollar rose slightly after the release of the new jobs data, from 102.34 cents to 102.60 cents.