Australia Mar Employment Change s.a. down to -36100 vs 74000

The Australian jobs report just came surprisingly lower-than-expected, losing 36,100 jobs in March vs -5,000 job losses expected. The Australia unemployment rate stood at 5.6% in March - highest since November 2009 - vs. 5.4% in February (expectations were for 5.4%). The participation rate stood at 65.1 vs. 65.3% prior and 65.2% expected.