The Australian economy lost 40,900 jobs in July, the Australian Bureau of Statistics said on Thursday - well shy of forecasts that called for an addition of 25,000 jobs following the gain of 88,400 jobs in June.
The jobless rate still fell to 3.4 percent, exceeding expectations for 3.5 percent - which would have been unchanged from the previous month.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.