Australia Adds 14k Jobs and Sees Unemployment Fall to 5.2%

“Australian employers boosted payrolls in July and the unemployment rate unexpectedly fell as the nation’s resource-driven economy weathers a global slowdown, sending the local dollar near a 4 1/2-month high.

The number of people employed rose by 14,000 last month, the fourth gain in five months, erasing almost of half of the revised 28,300 fall in June, the statistics bureau said in Sydney today. That compares with the median estimate for a 10,000 increase in July employment in a Bloomberg News survey of 25 economists. The jobless rate fell to 5.2 percent from an upwardly revised 5.3 percent.”

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