Australia’s unemployment rate was 3.9% in November, up from the previous figure of 4.1%, according to official figures released by the Australian Bureau of Statistics (ABS) on Thursday. This result was below the market consensus of 4.2%.

Moreover, the employment change rate in Australia was 35.6 thousand in November. from 12.1 thousand in October (adjusted from 15.9 thousand), compared to the consensus forecast of 25.0 thousand.

Market reaction to Australian employment data

At the time of writing, the AUD/USD pair is 0.60% higher on the day at 0.6409.