According to Jinshi, Australia's hiring rose slightly in January and the unemployment rate climbed to a two-year high, highlighting that the country's labor market is cooling. This has prompted bets that the Reserve Bank of Australia will cut interest rates sooner. The Reserve Bank of Australia kept its benchmark interest rate at a 12-year high of 4.35% last week and warned that it did not rule out the possibility of another rate hike. But today's employment data, as well as January inflation data to be released next week, will help influence the Reserve Bank of Australia's policy decision at its March 18-19 meeting, and the money market believes that the next step will be a rate cut.