The state of a country’s labor market has a direct impact on its economic growth. Two big data releases will be published in Australia at 02:30 MT time on February 15. Employment change will show the change in the number of employed people during January. If the actual number exceeds forecast, the Australian dollar will go up.
Considering the unemployment rate, the situation is the opposite. If the actual number is less than the expected one, the currency will win. It shows the percentage of the total workforce that is unemployed and actively seeking employment during the previous month.