India, April 17 -- The Australian dollar weakened against other major currencies in the Asian session on Thursday, following the release of Australia's employment data showing a smaller-than-expected rise in employment in March.
Data from the Australian Bureau of Statistics showed that the number of employed persons increased 32,200 from the previous month, when it declined by revised 57,400. However, this was weaker than the expected increase of 39,800. At the same time, the number of unemployed rose by 3,000.
The unemployment rate rose to 4.1 percent from downwardly revised 4.0 percent in the December quarter. The rate was expected to advance to 4.2 percent.
The employment-to-population ratio remained at 64.1 percent in March, while th...