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