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BRIEF: RBA Surprised By Jobs Growth - Hauser

MNI (SYDNEY) - Reserve Bank of Australia Deputy Governor Andrew Hauser says the strong labour market has surprised the central bank, noting supply and demand continue to remain unbalanced. 

Resilient employment, about 64,000 jobs were created while the unemployment rate tightened 10 basis points to 4.1% over September, showed supply remained weak, while demand continued to be strong, he told an industry conference in Sydney. 

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MNI (SYDNEY) - Reserve Bank of Australia Deputy Governor Andrew Hauser says the strong labour market has surprised the central bank, noting supply and demand continue to remain unbalanced. 

Resilient employment, about 64,000 jobs were created while the unemployment rate tightened 10 basis points to 4.1% over September, showed supply remained weak, while demand continued to be strong, he told an industry conference in Sydney. 

Keep reading...Show less