
EIA Crude Inventories Draw 0.4M vs Forecast 1.4M Draw
EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.
ABS July labour force: employment −15,800 to 14,807,200, unemployment 4.5%. FXStreet consensus was +15K and 4.4%. Factory forecast was +11.7K. They are not averaged. AUD/USD 0.26% lower at 0.7106 on the FXStreet stamp.

The Australian Bureau of Statistics printed a seasonally adjusted fall of 15,800 employed people in July, to 14,807,200. The unemployment rate rose to 4.5% from 4.4%. That is the July labour-force release, out 20 August. This is a miss versus both calendars. The two forecasts are not averaged.
FXStreet’s reaction page had consensus at a 15K rise and a 4.4% jobless rate. Factory’s employment-change calendar, as indexed, had forecast 11.7K against a revised previous of 80.2K. FXStreet’s article agrees with that June revision, from 76.3K. Its event widget on the same page still shows previous 76.3K.
Full-time employment rose 16,300 to 10,210,500. Part-time employment fell 32,200 to 4,596,700. Participation dropped 0.2 percentage point to 66.9%. The employment-to-population ratio dropped 0.2 point to 63.9%. Unemployed people rose 4,200 to 691,500. Hours worked fell 12.5 million, to 1,998 million. All of that is seasonally adjusted on the ABS page.
ABS says the July survey ran with seven rotation groups instead of eight, so standard errors are larger, and that trend is the better read of the underlying market. Trend employment still rose 29,300. Trend unemployment is also 4.5%.
FXStreet, at the time of writing on that page: AUD/USD was 0.26% lower on the day at 0.7106. That is the pair-specific stamp. It is not an average of the heatmap on the same article.
The next ABS labour-force print is 24 September, the August survey. Live Aussie is on prices. The stamp sits on the economic calendar.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
| Series | Actual (ABS) | FXStreet consensus | Factory forecast |
|---|---|---|---|
| Employment change | −15,800 | +15K | +11.7K |
| Unemployment rate | 4.5% | 4.4% | 4.4% |
| June jobs, revised | +80.2K (FXStreet / Factory) | Event page still 76.3K | 80.2K revised |
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.

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