Australia on Thursday posted a second batch of reassuring jobs figures in as many months, raising hopes that the worst may be over for the labor market.
The economy added 18,100 jobs in March, the Australian Bureau of Statistics reported, much better than the 5,000 a Reuters poll was expecting. This follows the whopping 48,200 increase in February, bringing gains so far this year to 88,000.
Meanwhile, the unemployment rate fell to a four-month low of 5.8 percent, compared to a Reuters forecast for 6 percent.
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