India, Aug. 14 -- The Australian dollar strengthened against some major counterparts in the Asian session on Thursday, after data showed that the Australia's unemployment rate dropped in July and employment increased sharply, suggesting that the labor market conditions remain strong.
Data from the Australian Bureau of Statistics showed that the jobless rate in Australia came in at 4.2 percent in July compared to 4.3 percent in June, which was the highest since late 2021. The 4.2 percent matched economists' expectations.
Employment increased by 24,500 from the previous month to 14.64 million. Economists were expecting a monthly increase of 25,300.
At the same time, the number of unemployed decreased by 10,200 from a month ago to 649,00. T...