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Australian Employment Surges Past Expectations; Currency Rises

Thursday, 15 August 2019 08:51 WIB Australia Unemployment AUD, Australian Jobs Employment Australia Employment

Australia's labor market continued to defy gravity in July, adding almost three times the forecast number of jobs, while unemployment remained unchanged as the labor force swelled further. Jobs rose 41,100 from June, compared with economists' forecast of a 14,000 gain; the unemployment rate held at 5.2%, matching estimates Full-time positions jumped 34,500; part-time roles gained 6,700 Participation rate climbed to 66.1%; est. 66% The Aussie dollar rose to 67.69 U.S. cents at 11:38 a.m. in Sydney from 67.58 pre-data; it climbed as high as 67.88 on the report. Source : Bloomberg

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