Australian unemployment falls to 5.1% in August from 5.2% in July vs. consensus of 5.3%. The...

|By:, SA News Editor
Australian unemployment falls to 5.1% in August from 5.2% in July vs. consensus of 5.3%. The number of employed -8,800 to 11.5M, number of unemployed -10,600 to 622,600. Participation rate drops to 65% - the lowest level since March 2007 - from 65.2%. While there are signs that miners are still hiring despite fears about the sector, it seems the jobless rate is falling because participation is. (PR)