Australian employment blew past forecasts for a third straight month in August, yet the jobless rate held steady as the workforce also expanded at a rapid rate, reinforcing the view that the labour market remains tight.

Australia's unemployment rate remained unchanged at 4.2%, in line with forecasts and, unchanged from July’s 2.5-year high. Data showed that employers added a net 47,500 jobs in August, near

The unemployment rate has remained steady at 4.2 per cent. “Unemployment rate has been pretty stable for the past few months it’s been hovering at around the 4.2 per cent level,” Sky News business reporter Edward Boyd told Sky News Australia.