The RBA cut its cash rate on Tuesday and delivered a hawkish message.
Not everyone believed them. Well, this jobs report nails the door shut, there will be no follow up rate cut from the RBA for many months to come.
The employment report is another blockbuster, 44K jobs added:
The data shows a string of record results:
- record high employment level
- highest ever proportion of the population employed
- record participation rate
- upward revisions to jobs in prior months
If you need something to complain about in the data, here you go:
- hours worked dipped 0.4%.
AUD marked higher: