(MENAFN) Australia's jobless average ticked lower in July led by a big rebound in part-time work while full-time employment went down, a mixed consequences that threader poorly for wages improvement and the course of inflation.
Paul Dales, chief economist at Capital Economics said "The past volatility of the data means it pays not to get too excited by strong employment data and not to get too worried by weak data. "
"The full/part-time split and data on hours worked weren't as encouraging as recently. But the recent improvement in the labor market is an upside risk to our cautious economic growth, inflation and interest rate forecasts."
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