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Australia Fulltime employment increase to 17.8 in Feb from -9.5

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Huge blowout on Australian jobs report

A huge employment jobs report in Australia shocked the market, after Australia created 71.5k jobs in February vs market expectations for +9k. The unemployment rate came down to 5.4%, expectations were for 5.5%. The part time jobs created stood at 53.7k vs 22k last. The participation rate increased by +0.3% to 65.3%.
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