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Australia’s jobless rate dropped in July to 5.2 per cent,as the economy continued to show surprising vitality.

The workforce added 14,000 more jobs last month, according to the Australian Bureau of Statistics.

The July jobless rate improved from a revised 5.3 per cent for June. The ABS had earlier reported June’s jobless rate as 5.2 per cent.

Economists had been expecting the jobless rate for last month to come in at 5.3 per cent, with 10,000 new jobs added.


“These are goldilocks jobs numbers – not too hot, not too cold,” said St George Bank economist Janu Chan.

Read more: http://www.smh.com.au/business/the-economy/jobless-rate-drops-as-employers-add-staff-20120809-23vsi.html#ixzz230fNuSwx