Australia August employment data blows past expectations
|The official data released this Thursday morning showed the Australian economy added far more jobs in August than expected.
Key points
- Employment Change +54.2K, expected +15.0K, previous +27.9K
- Unemployment Rate 5.6%, expected 5.6%, previous 5.6%
- Full Time Employment Change +40.1, previous -19.8K
- Part Time Employment Change +14.1K, previous 48.2K
- Participation Rate 65.3%, expected 65.1%, previous 65.1%
The data is positive for the AUD. The 10-year Aussie government bond yield jumped to 2.743%; up more than 6 basis points and at the highest level since August 31.
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