Australian Employment - Significant Lower Drop on Change but Rate conflict

This evening of January 18th at 19:30 EST and well 00:33 on January 19th in GMT land, the Employment figures for Australia were released. What was interesting about this release was for the first time Bloomberg included Estimates for Full Time & Part Time Employment Change. In past months we only got the prior months figure. This is important because since May 2011 there we have seen how the price reaction of the Australian Dollar can be influeced on whether the main Net Employment Change figure is composed of growth or contraction due to Part-time or Fulltime growth or decline. Obviously an increase in Employment change due to Parttime jobs is less great than if the increase comes from Full-time Jobs...Likewise if a drop in Net Employment Change is due to a loss in Part-time Jobs but Full-time Jobs actually grew then this is not so bearish, as it was only a matter of there being more loss of Part-time Jobs than growth of Full-time Jobs. This situation has confused many news traders who did not see the Part-time and Full-time break down.

Anyway now we got estimates, although there are only 8 analysts providing estimates for Part-time and Full-Time Employment change while there are 23 analysts providing surveys for the main Net Employment Change and Unemployment Rate.

There was a big drop in Employment Change, very bearish for Aussie Dollar, but the Unemployment Rate was also lower, which is good. Part-time Change dropped by -45k while Full-time Change actually grew by +5.7k, so basically a conflict. AUDUSD reacted to the dip in the Net Change and also a deviation of just -0.1 is not very significant for Unemployment Rate, but the drop in the Change figure is quite big.

Anyway here are the figures:


AU Employment Change
EStimates- Median: +10.0k Actual: +7.6k Range: -10.0k to +25.2k
Actual: -29.3k Prior: -6.3k Revised: -7.5k

AU Unemployment Rate
EStimates- Median: 5.3% Actual: 5.3% Range: 5.2% to 5.4%
Actual: 5.2% Prior: 5.3% Revised: 5.2%

AU Fulltime Employment Change
EStimates- Median: +18.8k Actual: +17.5k Range: -5.0k to +40.0k
Actual: +24.5k Prior: -39.9k Revised: -39.4k

AU Parttime Employment Change
EStimates- Median: -8.8k Average: -6.8k Range: -35.0k to +20.0k
Actual: -53.7k Prior: +33.6k Revised: +31.9k

AU Participation Rate
EStimates- Median: 65.5% Actual: 65.5% Range: 65.4% to 65.6%
Actual: 65.2% Prior: 65.5% No Revision

Here is a 10 second chart of the AUDUSD pair...it dropped quite steeply in the intial reaction, about 50 pips, but then bounced 30 pips back up as the Unemployment rate conflicted. Also the way this data is released from Australia means this one often comes out slow with the different constituents trickling out rather than all arriving thru the wire at the same time...I have heard that the data comes thru a voice on the phone and has to be transfer into text data for transmission over the wires...seriously in the 21st century?

Finally a 5 minute chart of the move thru the asian session into the European open where the 61% fib of the move down did provide a little bounce, but later in the session some good results from Bank or America and Morgan Stanley brought some risk-on sentiment and the audusd forex pair rallied more: