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Australian Jobs Unexpectedly Jump as Doubts Over Data Linger
Australian employers unexpectedly added jobs in November, indicating record-low interest rates may be encouraging hiring while doubts remain about the accuracy of the data. The currency surged more than half a U.S. cent. * Employment rose 71,400 from October; economists forecast 10,000 drop * Jobless rate dropped to 5.8% from 5.9%; economists predicted 6% * Full-time jobs rose by 41,600; part-time employment increased by 29,700 * Participation rate, a measure of labor force in proportion to the population, rose to 65.3%; economists predicted 65% The big surge in jobs last month raised renewed skepticism about the ... (full story)
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