Australian Job Market Continues to Firm
|Best Combined Two Months for Jobs in Years
The Australian economy added 37.4K jobs in April. This follows the largest monthly jobs surge in two years in the prior month. Most analysts evidently thought the solid job growth in March might be tough to follow in April judging by the more modest job increase of 5K that was expected by the consensus.
Taken together, the two-month period culminated in the second-largest back-to-back job pickup in Australia in the past 13 years. The only higher point in this period was October and November of 2015 when methodological changes and soaring numbers invited some unwelcome skepticism of the veracity of the numbers during that period. If we left that out, this would have been the fastest combined two-month job growth since September and October of 2004.
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