Australian employment data for February
Employment Change: +0.3K
- expected +13.5K, prior -7.5K
Unemployment Rate: 5.8%
- expected 6.0%, prior 6.0%
Full Time Employment Change, +15.9K
- prior was -40.3K
Part Time Employment Change, -15.6K
- prior was +32.8K
Participation Rate, 64.9%
- expected 65.2%, prior was 65.2%
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Added 300 jobs in February. A big miss on expectations.
Graphs from the Australian Bureau of Statistics:
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For those of you with a bit of statistical interest, this from the Australian Bureau of Statistics (they publish this every month):
You may have seen me saying occasionally not to miss the forest for focusing too much on one tree. this is partially why. Any one result can be questioned, quite reasonably, within those bounds noted in the pic from the AB S. So, check out the trend, and check out other indicators too.
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more to come on this, but for the AUD:
It dipped a little and has come straight back up. Looks like there is still buying to be done.
