Australian July unemployment charge 4.2% (vs. 4.1% anticipated)

Another strong employment report from Australia.

Employment +58.2k

• expected +20.0k, prior +50.2k

Unemployment Rate 4.2%

• expected 4.1%, prior 4.1%

Participation Rate 67.1%

• expected 66.9%, prior 66.9%

Full Time Employment +60.5k

While the unemployment rate rose, so did jobs added – the higher participation rate will be pointed at for the jobless jump.

At the margin another reason for the Reserve Bank of Australia to h