Official data released by the Australian Bureau of Statistics (ABS) on Thursday showed Australia’s unemployment rate was 3.7% in October, compared with expectations of 3.7% and the previous figure of 3.6%.
Additionally, Australia’s employment growth reached 55,000 jobs in October, compared to consensus forecasts of 20,000 jobs in September and 67,000 jobs.
market reaction
At the time of writing, the AUD/USD pair was up 0.05% on the day to 0.6510.