Feb 7, 2013
Forex Flash: Australian jobs still hanging in there; RBA to hold in March - NAB
The Australian unemployment rate was steady at 5.4% in January, helped by a 0.1% dip in the participation rate to 65.0%, notes NAB economists. "Employment is still growing, up 10k in Jan, up 0.9% y/y, with gains somewhat flattered by part-time skew" the bank point. NAB believes this report "tips the balance back toward RBA on hold in March."