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.Hence then, the article about australia feb 2025 unemployment rate 4 1 vs 4 1 expected employment change 52 8k was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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