The indicator shows the relationship between the unemployment rate and the overall national labor force. High level of unemployed population is strongly related to the average salary fall and consumer expenses. As long as consumer expenses comprise a major part of all expenses, the unemployment rate raise often leads to the deceleration of economic growth. It is also worth mentioning that high unemployment rate and its growth may cause the Central Bank’s reduction of rates in order to improve the labor market situation.
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The index has a strong influence over the Australian Dollar rate dynamics. Unemployment rate fall has a positive effect over the Australian currency.