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March 13, 2008 - Forex Economic News
Australia employment gains in February.
The Australian Labour force increased by 36,700 workers from January to February according to a data release by the Australian Bureau of Statistics. February's increase brings the total of employed workers to 10,649,700 while unemployment decreased by 16,800 workers to 440,990. The Australian unemployment rate dipped by 0.2 percent to 4 percent in February. The unemployment rate fell 0.6 percent in a years time from February 2007(4.6%) to February 2008(4.0%) while the number of employed workers has increased by 2.9 percent in the same period. The Aussie dollar has been reacting positively and is on the rise today against most major currencies. The AUD/USD currency pair is currently trading at its highest level in over 2 weeks as it has reached the 0.9423 mark in U.S. session trading and looks to move higher.
Tags: aussie, australia employment, australian jobs, bureau of statistics, unemployment rate
