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11 Apr 2013
Big miss in Australian jobs data
FXstreet.com (Barcelona) - The Australian jobs report just came surprisingly lower-than-expected, losing 36,100 jobs in March vs -5,000 job losses expected. The Australia unemployment rate stood at 5.6% in March - highest since November 2009 - vs. 5.4% in February (expectations were for 5.4%). The participation rate stood at 65.1 vs. 65.3% prior and 65.2% expected.
On the positive side, the February number, which came at an outstanding 71,500, was revised up to 74,000. Full time employment was reduced in 7,400, while part-time jobs suffered the most, as one would expect.
On the positive side, the February number, which came at an outstanding 71,500, was revised up to 74,000. Full time employment was reduced in 7,400, while part-time jobs suffered the most, as one would expect.