Australian Employers Add Record Jobs as Currency Jumps: Economy
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Australian employers added a record number of jobs in August, underscoring the central bank’s reluctance to cut interest rates further and sending the local currency higher.
The number of people employed increased by 121,000, led by a surge in part-time jobs, as the statistics bureau said a rotation in its survey group affected today’s figures. The jump in employment compares with the median estimate for a 15,000 increase in a Bloomberg News survey of 28 economists. The jobless rate fell to 6.1 percent from a 12-year high of 6.4 percent.