Australian Jobs Soar 76,300 in June, Boosting Rate-Hike Bets

Australian employment jumped in June, extending the prior month’s gains and reinforcing the strength of the labor market. The data is likely to keep pressure on the Reserve Bank for another interest-rate increase, shifting rate expectations higher and weighing on rate-sensitive assets.

Analysis

Australian employment jumped in June, extending the prior month’s gains and reinforcing the strength of the labor market. The data is likely to keep pressure on the Reserve Bank for another interest-rate increase, shifting rate expectations higher and weighing on rate-sensitive assets.