Expectations were for +11,,000 and the result came in at +50,100
- Unemployment fell while the participation rate increased
- Full-time employment +34,500
- Part-time employment +15,600
“There’s been a trend improvement in unemployment,” said Paul Bloxham, chief Australia economist at HSBC Holdings Plc in Sydney and a former RBA economist. “These numbers are providing evidence that the soft patch in growth may be behind us. The RBA is unlikely to ease any further.”
Australia Adds Four Times More Jobs Than Estimated; Aussie Jumps
