Australia added more jobs than expected in November, suggesting continued improvement in the labor market, but analysts remain skeptical on how reliable the data is.
The Australian economy added 42,700 jobs, above the 15,000 forecast by Reuters, data from the Australian Bureau of Statistics (ABS) showed on Thursday. The employment rise was made of 1,800 full-time jobs and 40,900 part-time jobs.
The jobless rate was 6.3 percent, up from 6.2 percent in October. The reliability of the jobs numbers has been in question recently, with the notoriously volatile data being revised repeatedly in recent months.
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.