Australian Participation Rate (Jan) 66.7% vs. Exp. 66.8% (Prev. 66.7%)

The Australian participation rate for January came in slightly below expectations at 66.7%, consistent with the previous month's figure.

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US gathers the greatest amount of air power in the Middle East since the 2003 Iraq invasion and President Trump is being briefed on military options for striking Iran, even as aides hold talks with the Iranian regime, according to WSJ

Israeli Defense Forces announced they struck Hezbollah infrastructure sites in southern Lebanon, according to Sky News Arabia

Australian Participation Rate (Jan) 66.7% vs. Exp. 66.8% (Prev. 66.7%)

Iraqi Foreign Minister says any alternative to US-Iran deal would be disastrous, and they may not be able to export their oil if war breaks out in the region

US President Trump is scheduled to deliver remarks on the economy at 16:00EST/21:00GMT on Thursday.

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Context

This minor miss might suggest a slight weakening in labor market engagement, though the stability in the prior month tempers concerns. Market implications could include a reassessment of growth prospects and potential impacts on monetary policy expectations going forward.

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