New Jersey unemployment rate falls to 4.2 percent

The fall was driven by a lift in full-time work which increased by almost 13,000 through the month

Employment, however, fell by 3900 jobs to 12.575 million in the month and the participation rate fell by 0.1 point to 65.5 per cent.

Australian long-term government bonds gained on Thursday after fall in July employment change disappointed investors, but 6-year low jobless rate supported the short-term yield curve.

Economists were expecting an increase of 15,000 jobs and the unemployment rate to remain at 5.4 per cent.

The central bank in Indonesia will wrap up its monetary policy meeting and then announce its decision on interest rates.

Mr Morrison says the figures are vindication for the government's economic agenda.


The trend monthly hours worked increased by 0.2 per cent in July 2018 and by 1.9 per cent over the past year.

The dollar jumped on the unemployment drop owing to a falling participation rate.

"In July of this year the economy created 19,300 full-time jobs".

Minister for Jobs and Innovation Michaelia Cash welcomed Australian Bureau of Statistics Labour force data that shows that the strength and resilience of the Australian Labour market. The number of unemployed persons looking for full-time work increased 2,300 to 504,100 and the number of unemployed persons only looking for part-time work decreased 8,000 to 201,900.

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