Australia Posts Biggest Full-Time Jobs Surge Since ‘91: Economy
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Australia boosted full-time payrolls in February by the most in more than 22 years, sending the currency higher and signaling the central bank’s bid to spur local demand with record-low interest rates is gaining traction.
The number of people employed full time rose by 80,500, the biggest increase since August 1991, just after the country’s last recession, and the second largest rise on record. Overall employment climbed 47,300, compared with the median estimate for a 15,000 rise in a Bloomberg survey of economists, as part-time jobs dropped. The jobless rate held at 6 percent.