Australia Adds Most Jobs in 2 Years as More Seek Work: Economy

Australian employers added the most jobs in more than two years last month as the central bank’s plan to spur growth with record-low interest rates bears fruit.

The number of people employed rose by 42,700, the biggest gain since March 2012 and almost three times the median estimate in a Bloomberg survey of 15,000, statistics bureau data showed in Sydney today. The unemployment rate climbed to 6.3 percent, a 12-year high, as more people entered the labor force seeking work.