Australian dollar marked lower on the jobs drop:
Employment Change -52.8K ... very ugly
Full-Time Employment -35.7K
prior +54.1KPart-Time Employment -17.1K
prior-10.1KUnemployment Rate 4.1%
expected 4.1%, prior 4.1%Participation Rate 66.8%
expected 67.3%, prior 67.3%***
Well, that is a terrible result on the jobs change number,
80K lower than expected and 90K lower than last monthBut ...
the unemployment rate remains unchangedBut ...
the participation rate fell in a heapI'm done with the excuses, this is a poor report.
At the margin, it'll improve the prospects for RBA rate cuts.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Australia Feb 2025 unemployment rate 4.1% (vs. 4.1% expected) & Employment Change -52.8K )
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