Australia’s February labour force survey has arrived – but it wasn’t as if a one-off softer reading was going to really change the RBA’s mindset about how robust the labour force is in Australia. “In the minutes of the 5 March Board meeting, RBA members “observed that labour market conditions had continued to improve, despite a slowing in the momentum of output growth in the second half of 2018,” noted analysts at Westpac. Meanwhile, the data has arrived as follows: Employment Change +4.6K for a miss vs expected +15K, prior +39.1K. Unemployment Rate 4.9% a beat vs expected 5.0%, prior 5.0%. Full-Time Employment Change -7.3K vs prior was +65.4K. Part Time Employment Change +11.9K vs prior was -26.3K. Participation Rate 65.6% – a miss vs expected 65.7%, prior was 65.7%. The market reaction has been to back the Aussie on the Unemployment Rate 4.9% – AUD/USD has leaped about 50 pips – But it is worth noting that Tokyo is out, so there is less liquidity out there. About the Unemployment Rate The Unemployment Rate released by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labour force. If the rate hikes, indicates a lack of expansion within the Australian labour market. As a result, a rise leads to weakening the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish). 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 AUD/USD prints three-week highs as Aussie jobess rate hits fresh 7-year low of 4.9% FX Street 4 years Australia's February labour force survey has arrived - but it wasn't as if a one-off softer reading was going to really change the RBA's mindset about how robust the labour force is in Australia. "In the minutes of the 5 March Board meeting, RBA members "observed that labour market conditions had continued to improve, despite a slowing in the momentum of output growth in the second half of 2018," noted analysts at Westpac. Meanwhile, the data has arrived as follows: Employment Change +4.6K for a miss vs expected +15K, prior +39.1K. Unemployment Rate 4.9% a beat vs expected 5.0%,… 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.