In another solid performance in the Aussie jobs market, Australia’s February Employment change arrived at +88.7K vs the expected +30K, a huge beat, with the Unemployment rate at 5.8% which was better than the expected 6.3%, down from a peak of 7.5% in July. Jobs details Employment Change: +88.7K vs the expected +30K, prior +29.1K Unemployment Rate: 5.8% vs the expected 6.3%, prior 6.4% Full-Time Employment Change: +89.1K vs the prior +59.0K Part-Time Employment Change: -0.5K vs the prior -29.8K Participation Rate: 66.1% vs the expected and prior 66.1%. ”The labour market has had a sharp V-shaped recovery, much stronger than anticipated,” analysts at Westpac explained. ”However, the state data reveals the impact of further lockdowns, and reopenings, with employment surging in Victoria while it stalled in NSW.” ”In addition, the recovery has been dominated by male part-time employment.” Nevertheless, AUD/USD is marginally higher on the data by 22 pips. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple Price Forecast: XRP sellers eye $0.4300 amid sustained trading below key upside hurdles FX Street 2 years In another solid performance in the Aussie jobs market, Australia's February Employment change arrived at +88.7K vs the expected +30K, a huge beat, with the Unemployment rate at 5.8% which was better than the expected 6.3%, down from a peak of 7.5% in July. Jobs details Employment Change: +88.7K vs the expected +30K, prior +29.1K Unemployment Rate: 5.8% vs the expected 6.3%, prior 6.4% Full-Time Employment Change: +89.1K vs the prior +59.0K Part-Time Employment Change: -0.5K vs the prior -29.8K Participation Rate: 66.1% vs the expected and prior 66.1%. ''The labour market has had a sharp V-shaped recovery,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
