Australia’s Best Hiring Quarter Since ’10 Holds Jobless Rate
This article is for subscribers only.
Australian payrolls rose more than economists forecast in March, capping the best quarter since 2010, led by financial and manufacturing states Victoria and New South Wales. The local currency reached a one-week high.
Payrolls rose by 44,000, a statistics bureau report showed in Sydney today, almost seven times the median estimate for a 6,500 increase in a Bloomberg News survey of 24 economists. The jobless rate stayed at 5.2 percent, compared with expectations for a rise to 5.3 percent.