SYDNEY, March 16 (Reuters) - Australia employment
rebounded strongly in February while the jobless rate fell back
to near 50-year lows, data showed on Thursday, though the upbeat
result was overshadowed by worries about global recession amid a
rout in bank shares.
Figures from the Australian Bureau of Statistics showed net
employment rose 64,600 in February from January, when they fell
a revised 10,900. Market forecasts had been for a rebound of
48,500.
The jobless rate dropped to 3.5%, from 3.7%, when analysts
had looked for a dip to 3.6%. Hours worked jumped by 3.9% in
another signal of resilient activity.
(Reporting by Wayne Cole; Editing by Muralikumar Anantharaman)
Messaging: wayne.cole.thomsonreuters.com@reuters.net))
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