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Australia employment rebounds in Feb, jobless drops to 3.5%

Figures from the Australian Bureau of Statistics showed net employment rose 64,600 in February from January, when they fell a revised 10,900. Market forecasts had been for a rebound of 48,500.

The jobless rate dropped to 3.5%, from 3.7%, when analysts had looked for a dip to 3.6%. Hours worked jumped by 3.9% in another signal of resilient activity.


Source: Economy - investing.com

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