Australia Feb 2025 unemployment rate 4.1% (vs. 4.1% expected) & Employment Change -52.8K | Forexlive

Australian dollar marked lower on the jobs drop:

Employment Change -52.8K … very ugly

• expected +30K, prior +44K

Full-Time Employment -35.7K

Part-Time Employment -17.1K

Unemployment Rate 4.1%

• expected 4.1%, prior 4.1%

Participation Rate 66.8%

• expected 67.3%, prior 67.3%

***

Well, that is a terrible result on the jobs change number,

• 80K lower than expected
• and 90K lower than last month

But …

• the unemployment rate remains unchanged

But …

• the participation rate fell in a heap

I’m done with the excuses, this is a poor report.

At the margin, it’ll improve the prospects for RBA rate cuts.