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MNI BRIEF: Aussie Unemployment Steady, Job Creation Strong

MNI (SYDNEY) - Australia unemployment printed at 4.2% over August, steady from July and in line with market expectations, however, the economy added 47,500 jobs, higher than the 26,000 expected, according to data released by the Australian Bureau of Statistics Thursday

“The growth in employment increased the employment-to-population ratio by 0.1 percentage point to 64.3%, which is just below the November 2023 historical high of 64.4%,” said Kate Lamb, head of labour statistics at the ABS.

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MNI (SYDNEY) - Australia unemployment printed at 4.2% over August, steady from July and in line with market expectations, however, the economy added 47,500 jobs, higher than the 26,000 expected, according to data released by the Australian Bureau of Statistics Thursday

“The growth in employment increased the employment-to-population ratio by 0.1 percentage point to 64.3%, which is just below the November 2023 historical high of 64.4%,” said Kate Lamb, head of labour statistics at the ABS.

Keep reading...Show less