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Financial Times / Biz - Money

Aussie dollar climbs above $0.80 on positive employment data

The Australian dollar pushed back above the $0.80 mark on Thursday after data showed the country added more jobs than expected in August.

Figures from the Australian Bureau of Statistics showed the economy added 54,200 jobs last month, up from 27,900 in July and well ahead of a median forecast of 15,000 from economists surveyed by Reuters.

The number of full-time jobs rose by 40,100, bouncing back from a revised drop of 19,900 in July (previously 20,300), while 14,100 part-time jobs were added, compared to a revised rise of 49,100 a month prior (previously 48,200).

Overall unemployment held at 5.6 per cent, while the participation rate edged up to 65.3 per cent from 65.1 per cent in July.

The Australian dollar was up 0.3 per cent on the day at $0.8011 following the release of the latest figures.

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