Australia Feb 2025 unemployment rate 4.1% (vs. 4.1% expected) & Employment Change -52.8K ...Middle East

Employment Change -52.8K ... very ugly

expected +30K, prior +44K

Full-Time Employment -35.7K

prior +54.1K

prior-10.1K

Unemployment Rate 4.1%

expected 4.1%, prior 4.1%

expected 67.3%, prior 67.3%

***

80K lower than expected and 90K lower than last month

But ...

the unemployment rate remains unchanged

the participation rate fell in a heap

I'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.

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