Australian Unemployment Holds Steady at 3.7% Despite China’s Economic Woes

Highlights

• The Australian unemployment rate held steady at 3.7% in August.
• Participation rate climbed to 67.0%, despite a dip in monthly hours worked.
• China’s economic challenges showed minimal strain on Australian employment.

Australian Employment

Employment figures from Australia remained a focal point following the RBA decision to leave the cash rate unchanged.

The Australian unemployment rate remained unchanged at 3.7% in August.

According to the ABS,

• The participation rate increased to 67.0%,…
  Read More