The Traderszone Network

Published in TZ Latest News 11 September, 2014 by The TZ Newswire Staff

Australia’s Part-Time Jobs Miracle

While we have grown used to eye-poppingly ‘odd’ data from China (and increasingly the US), last night’s surge in Aussie employment is among the greatest statistical pieces of muppetry we have ever seen. As Bloomberg reports, Australian employers added a record number of jobs in August – great news, right? Confirming CBA’s decision to hold rates (not cut) and instantly AUD exploded higher.

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