Australia Employers Added More Jobs Than Forecast in October
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Australian employers boosted payrolls more than economists forecast in October and the unemployment rate unexpectedly held as the nation weathered a global slowdown, sending the local currency higher.
The number of people employed rose by 10,700 after a 15,500 gain in September, the statistics bureau said in Sydney today. That compares with the median estimate for an increase of 500 last month in a Bloomberg News survey of 26 economists. The jobless rate was unchanged at 5.4 percent, compared with expectations for a rise to 5.5 percent.