Australian unemployment rates fell in February to 3.5% from 3.7%, according to figures issued by the Australian Bureau of Statistics (ABS) at the beginning of the Asian session today, Thursday, while expectations were for a decline of about 3.6%, with the participation rate in the labor market rising to 66.6% from 66.5%.

The Australian economy added about 64,600 thousand jobs in February, bringing the number of employment to 13,826,200 million jobs, after losing about 10,900 thousand jobs in the January reading, while expectations were for an addition of about 49 thousand.