Australia's employment grows more than expected in February

Source: OANDA

Employment in Australia increased significantly at the fastest pace in twelve years in February signaling that low interest rates are helping the economy to recover, a data released by the Australian Bureau of Statistics reported on Thursday. Australian employment advanced to 71.5K in February compared to expected gain of 10K, while full-time employment added 17.8K and part-time employment rose by 53.7K.


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