Australia: Part-time employment (Feb): 53.7 vs 20.2

A huge employment jobs report in Australia shocked the market, after Australia created 71.5k jobs in February vs market expectations for +9k. The unemployment rate came down to 5.4%, expectations were for 5.5%. The part time jobs created stood at 53.7k vs 22k last. The participation rate increased by +0.3% to 65.3%.