It Didn’t Snow In Australia: February Full-Time Jobs Surge Is Third Highest Ever

It Didn’t Snow In Australia: February Full-Time Jobs Surge Is Third Highest Ever

Australia just added the 3rd most full-time jobs ever in a month according to the Aussie Bureau of Statistics. That is 16-times the average monthly gain since 1978. Of course, rather than shrug it off as some idiotic aberration as the nation suffers under the crushing blow of a collapsing commodit market and shrinking China, “traders” bid AUDJPY to the moon (which sparked a mini-rally in US equity futures).

Today’s print is only bettered y Aug 1991 and Feb 2011…

and that managed to get traders to run through stops on AUDJPY at 93.00

We assume it didn’t snow in Australia

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