Australia’s job market demonstrated strength in August as employment numbers surged by 64.9k, a 0.5% mom increase, substantially eclipsing expectation of 24.3k. Dissecting this growth reveals a modest increment in full-time jobs, which saw rise of 2.8k, whereas part-time positions surged, accounting for 62.1k rise. Unemployment rate remained steady at 3.7%, aligning with market anticipations. […]
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