20 March | Other

Australia's employment rate unexpectedly fell in February

Australia's employment rate unexpectedly fell in February

Australian employment unexpectedly declined in February, halting months of growth. This suggests that the country's overheated labor market is stabilizing, Reuters reports.

According to data from the Australian Bureau of Statistics, employment in the country fell by 52,800 people during the mentioned period. In January, the figure had risen by 30,500 jobs.

Annual job growth declined sharply from 3.5% in January to 1.9% in February. The participation rate also dropped from 67.2% to 66.8% during the same period. However, the unemployment rate remained steady at 4.1%, Reuters notes.

Meanwhile, in February, the Reserve Bank of Australia (RBA) cut interest rates for the first time in four years. However, bank officials cautioned that further easing is not guaranteed, as the country's strong labor market could fuel inflation.

The RBA projects that Australia's core consumer price index will reach 2.7% by the end of 2025, exceeding the central bank's target range of 2–3%.

Anton Volkov MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
Yesterday at 11:58 AM 35
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
Yesterday at 10:37 AM 29
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
Yesterday at 09:44 AM 34
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
Yesterday at 08:41 AM 15
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
06 May 2025 53
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
06 May 2025 59
Go to forecasts