Australian Employment Rises in March Beats Forecast

April 10, 2014 Share Print 0

Australia on Thursday posted a second batch of reassuring jobs figures in as many months, raising hopes that the worst may be over for the labor market.

The economy added 18,100 jobs in March, the Australian Bureau of Statistics reported, much better than the 5,000 a Reuters poll was expecting. This follows the whopping 48,200 increase in February, bringing gains so far this year to 88,000.

Meanwhile, the unemployment rate fell to a four-month low of 5.8 percent, compared to a Reuters forecast for 6 percent.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.