The Only Developed Country With A Decent Economy

The Australian economy unexpectly adds 32,200 jobs in July. Unemployment in Australia holds steady at 5.8%.

According to The Age of Melbourne, Australia:

The Australian dollar held fast above 84 US cents on Thursday after the jobs report for July showed a surprise jump in employment, fuelling speculation local interest rates may rise even before December.

The dollar bounced to a high of $US0.8462 after data showed employment rose by 32,200 in July, confounding expectations for a drop of 20,000. Unemployment was steady at 5.8 per cent.
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"Today's figures suggest that at worst Australia is experiencing the mildest of recessions," said Riki Polygenis, an analyst at ANZ.