Australia’s March Employment Change 53,000 (expected 20,000; last 63,600) and full employment change 72,200 (expected 8,000; last 79,200). March Unemployment Rate 3.5% (expected 3.6%; last 3.5%) and Participation Rate 66.7% (expected 66.6%; last 66.7%). March MI Inflation Expectations 4.6% (expected 4.8%; last 5.0%)
Australia reported strong employment figures for March, but the market continues expecting that the Reserve Bank of Australia will not raise its cash rate at the policy meeting in May.