The Australian job market took a slight breather in the month of February with job growth falling to 400 new jobs, against expectations for 15,000. The unemployment rate also rose slightly to 5.3% from a downward revised 5.2% in January.
However, as illustrated in the monthly change in jobs chart, one positive in the results was that full time jobs outpaced part time jobs. It also marks the sixth increase in jobs in a row with total new full-time jobs in those months of 103k.
Overall the report showed really just a temporary weakness in a strong trend of job growth - in a country where the economy is growing strong; and monetary policy tightening has continued once again.
Australian Bureau of Statistics www.abs.gov.au Econ Grapher Analytics www.econgrapher.com
Article Source: http://www.econgrapher.com/ausemp11mar.html
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