Reported Earlier, Australia Unemployment Rate For February 3.7% Vs. 4.0% Est.; 4.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's unemployment rate for February was reported at 3.7%, lower than the estimated 4.0% and the previous month's 4.1%. This indicates a stronger than expected job market in Australia.
March 21, 2024 | 4:58 am
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The lower than expected unemployment rate in Australia could lead to increased consumer spending and economic growth, potentially benefiting EWA.
A lower unemployment rate generally leads to increased consumer confidence and spending, which can drive economic growth. As EWA tracks the Australian market, improvements in the economy are likely to have a positive impact on its performance.
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