Australian Employers Unexpectedly Cut Workers in February
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Australian employers unexpectedly cut workers in February for the first time in 18 months as floods and a cyclone disrupted hiring in the nation’s northeast.
The number of people employed fell by 10,100 from January, led by a drop in part-time jobs, the statistics bureau said in Sydney today. That compares with the median forecast for a 20,000 increase in a Bloomberg News survey of 20 economists. The jobless rate held at 5 percent.