The Australia economy added 24,100 jobs in October, better than the 22,500 forecast by Reuters, the Australian Bureau of Statistics (ABS) showed on Thursday.
The employment rise was made up of a rise of 33,400 in full-time employment, while part-time employment fell 9,400. Jobless rate was 6.2 percent, unchanged from September.
The Australian dollar traded higher on the news, in sight of $0.86 after hitting a four-year low of $0.8565 on Wall Street, while Australian stocks reversed earlier losses.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.