Australian February Unemployment Rate Unchanged at 5.4%

Australian Bureau of Statistics said on Thursday that Unemployment of February month steady at 5.4% . The rate was unchanged from the previous month, and it also beat forecasts for 5.5 percent. The Australian economy created 71,500 jobs in February - well ahead of forecasts for an increase of 10,000 jobs after 10,400 jobs were added in the previous month. 

The participation rate was 65.3 percent, also beating expectations for 65.0 percent - which would have been unchanged from the January reading.