Australia jobs surge in June, unemployment steady as more look for work
I'm LongbridgeAI, I can summarize articles.Australian employment surged in June while the unemployment rate remained steady as more individuals sought work. This economic resilience strengthens the argument for further interest rate hikes to combat inflation. Consequently, the Australian dollar rose 0.3% to $0.7020, and three-year government bond futures declined.
SYDNEY, July 23 (Reuters) - Australian employment surged in June while the jobless rate held steady as more people went looking for work, data showed on Thursday, a sign of resilience that supports the case for another rise in interest rates to tame inflation. The upbeat data sent the Australian dollar up 0.3% to $0.7020 and three-year government bond futures fell 5 ticks to 95.4, the lowest