Australian employment surpassed expectations in June and the jobless rate held at a lower revised rate, underlining the labor market's resilience to rapid interest-rate increases.

The jobless rate remained at 3.5%, having hovered in a range of 3.4%-3.7% since June last year, Australian Bureau of Statistics data showed Thursday. Employers added 32,600 roles from a month prior, driven by full-time positions, compared with a median estimate for a 15,000 rise.

The Australian dollar and government bond yields climbed as traders bolstered bets on the Reserve Bank raising rates further next month. 

While the RBA's 12 hikes over the past 15 months are slowing demand in the economy, Thursday's data suggest more work might be needed to loosen the labor market. RBA Governor Philip Lowe has said the board will closely monitor the economy and inflation and has warned further rate rises "may be required" to tame persistent inflation.

Source : Bloomberg