Published: 2024-03-21T05:04:38.000Z
AUD flows: Jobs report rebounds
FX Analyst
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Australian February unemployment rate 3.7% (vs. 4.0% expected)
After two dismay jobs report, the February employment data has shown a great rebound. Headline employment change is an increase of 116.5k, unemployment rate dropped to 3.7% while participation rate also slipped by 0.1%. With full time unemployment taking a big chunk of headline changes, it is a great job report and is supporting the Aussie.
AUD/USD is trading 0.54% higher at 0.6622.