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Australian Employment Surges as Labor Market Weathers Rate Hikes

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Australian employment growth surpassed expectations in March, underscoring the economy’s resilience

Employers added 53,000 roles — driven by full-time positions — more than double economists’ forecasts for a 20,000 increase, Australian Bureau of Statistics data showed on Thursday. The jobless rate held at 3.

5%, hovering around a 50-year low, while economists had predicted it to rise to 3.6%.
 

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Breaking: Aussie jumps on strong labour market reportAustralia´s employment data has been released by the Australian Bureau of Statistics as follows: Employment Change March: 53K (prev 20K, prevR 63.6K)
Source: FXStreetNews - 🏆 14. / 72 Read more »