Feb employment rose 47.3k in Australia, much bigger than expected (consensus 15k) while the unemployment rate remained at 6%. The components were positive, with full time employment rising by 80.5k and part time employment dropping by 33.3k. The participation rate rose to 64.8% too. AUD rallied following the release of the data and looks set to consolidate gains. However, upside may still be limited given the various headwinds of higher risk aversion and lower commodity prices, with AUD/USD 0.9133 set to act as near term resistance.
MarketWatch.com – MarketPulse- : Nexstar Media says board is raising quarterly dividend by 50% to $1.35 a share
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- : HCA Healthcare’s shares slide
- : Charter adds 105,000 internet subscribers but earnings fall short
- : TXO Energy Partners IPO prices in the middle of its range for Friday trading
- : Chevron stock falls after profit misses expectations, while revenue beats
- : Intel stock tumbles, but shaves just 19 points off the Dow’s price
- Coronavirus tally: FDA panel agrees with plan for annual COVID boosters in new approach to virus
- : Autoliv rallies as profit beats expectations, as price hikes offset raw materials inflation
Impressive Aussie jobs data
March 13, 2014 — Mitul KotechaShare this blog
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