Australia Hiring Growth Slows, Boosting Jobless Rate

Australian employment growth slowed in July, driving down the nation’s currency as investors bet the central bank will extend a pause in the most aggressive round of interest-rate increases by a Group of 20 member.

The number of people employed gained 23,500 from June, when it rose a revised 37,400, the statistics bureau said in Sydney today. The jobless rate climbed to 5.3 percent from 5.1 percent as more people entered the labor market.