Australia’s unemployment rate eases to 6.3% in Feb

SYDNEY: Australia’s unemployment rate eased to 6.3 percent in February as fewer people looked for jobs, data showed Thursday, but economists warned the labour market remained soft, maintaining expectations of another interest rate cut.

The unemployment rate fell from 6.4 percent in January, a more-than 12-year high, according to the Australian Bureau of Statistics -- in line with analysts’ forecasts.