Australia’s February Employment change arrived at +88.7K vs the expected +30K, a huge beat, but the Unemployment rate at 5.8% was worse than the expected 6.3%.
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%.
More to come…
AUD/USD is marginally higher on the data by 22 pips.
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