FXStreet (Bali) – The Australian Bureau of Statistics has flagged some issues with the employment data obtained for the month of May, noting that they saw an unprecedented surge in the raw employment numbers for Western Australia.
Headlines
“Investigations showed that a significant contributor to this was change in response patterns from April to May 2015.”
“As a result, the ABS has removed this impact from the seasonally adjusted estimates for Western Australia and subsequently, Australia.”
“As the ABS is unable to remove this impact from the original estimates, care should be taken in comparing the original and seasonally adjusted estimates, particularly for Western Australia.”
“The ABS has not made any changes to its Labour Force Survey methods or processes that could have caused the increase.”
(Market News Provided by FXstreet)