Australian July unemployment rate 4.2% (vs. 4.1% expected) ...Middle East

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Another strong employment report from Australia.Employment +58.2kexpected +20.0k, prior +50.2kUnemployment Rate 4.2% expected 4.1%, prior 4.1%Participation Rate 67.1%expected 66.9%, prior 66.9%Full Time Employment +60.5kprior + 43.3kWhile 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 This article was written by Eamonn Sheridan at www.forexlive.com.

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