3 days ago
Australia's unemployment rate falls to 4.2pc as female participation hits record high — as it happened
Australia's unemployment rate improved in July, edging lower to 4.2 per cent, from 4.3 per cent in June, according to the Australian Bureau of Statistics's latest figures.
Employment increased by nearly 25,000 people, driven by 60,000 full-time jobs, and the number of unemployed people also fell in the month.
The local share market recovered yesterday's losses in early trade, after the S&P 500 notched a new record on Wall Street, as bets on US interest rate cuts rose.
Look back on the day's events and insights from our business reporters on the ABC News markets blog.
Disclaimer: this blog is not intended as investment advice.
