Disappointing new jobs number sends Australian dollar lower
from MoneyTrading.com.au
The number of unemployed people rose by 10,700 to 615,900 in February, while the number of employed rose slightly by 400 to 10.971 million, the ABS reported. The rise in employment came thanks to an increase in full-time employment, which was offset by a decrease of 11,000 people in part-time employment, the ABS said.
But number of jobs created came in below market expectations. Australia's employment data showed the creation of 400 jobs versus expectations of 15,000. Just prior to the release, the Australian dollar was trading around 0.9145USD before falling to a low of 0.9115USD.
The number of unemployed people rose by 10,700 to 615,900 in February, while the number of employed rose slightly by 400 to 10.971 million, the ABS reported. The rise in employment came thanks to an increase in full-time employment, which was offset by a decrease of 11,000 people in part-time employment, the ABS said.
But number of jobs created came in below market expectations. Australia's employment data showed the creation of 400 jobs versus expectations of 15,000. Just prior to the release, the Australian dollar was trading around 0.9145USD before falling to a low of 0.9115USD.
posted by Money Trading at
11:32 PM
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