Australian unemployment rate top 5.2% in February

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Source: Forexfactory
The jobless rate in Australia increased to 5.2% in February as businesses cut above 5,000 jobs. The rise in unemployment rate met the initial forecasts, reported Australian Bureau of Statistics. The deteriorating labour market may create a stimulus for further interest rate cut. On Tuesday, the RBA held the interest rate unchanged at 4.25%.

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Thu, 08 Mar 2012 08:30:12 GMT

Gold futures increased on the inspiring US labor data

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Thu, 08 Mar 2012 08:22:05 GMT

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