The Australian Bureau of Statistics released positive numbers and beat expectations of 15K for February jobs. Jobs came in at up 47,300 and the unemployment rate increased 0.1% to 6.0%. The seasonally adjusted labor participation rate moved up 0.2% to a healthy 64.8%.

The Reserve Bank of Australia showed that Australia has a growing population and a younger average age. The demographic data was read positively by markets and currencies. The Australian Dollar is moving higher in morning trading.

– By Julien David

Australia, demographics, employment