Weak Australian Jobs Data Highlights Misfiring Economy

Weak Australian Jobs Data Highlights Misfiring Economy

13 March, 2012

SYDNEY -(Dow Jones)- ’s economy shed jobs in February, delivering the second strong indicator this week that the economy is struggling under the weight of a high Australian dollar and adding to calls for lower interest rates.

Australia’s unemployment rate rose to a seasonally adjusted 5.2% in February from 5.1% in January, while the number of employed fell 15,400, the Australian Bureau


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