Australia adds whopping 44,000 jobs in August, a big beat on expectations

Australia unemployment rate steadied at 5.3 percent in August, even as the economy added a whopping 44,000 jobs, the latest data published by Australia Bureau of Statistics (ABS) showed this Thursday. The markets were expecting a job addition of 15,000.  Employment change for the previous month was -3900.

Meanwhile, full-time jobs came in at +33,700 compared to +19,300 seen in July. The part-time employment rose 10,200 versus -23,200 last. The participation rate rose to 65.7% in the reported month versus 65.5% previous.