Aussie jobs: Good news in Emeplyment changem bad in Unemployment rate

Australia's February Employment change arrived at +88.7K vs the expected +30K, a huge beat, but the Unemployment rate at 5.8% was worse than the expected 6.3%.

Jobs details

Employment Change: +88.7K vs the expected +30K, prior +29.1K  

Unemployment Rate: 5.8% vs the expected 6.3%, prior 6.4%

Full-Time Employment Change: +89.1K vs the prior +59.0K

Part-Time Employment Change: -0.5K vs the prior -29.8K

Participation Rate: 66.1% vs the expected and prior 66.1%.

More to come...

AUD/USD is marginally higher on the data by 22 pips.