Australian employment surged in June while the jobless rate held steady as more people went looking for work, data showed on Thursday, a sign of resilience that supports the case for another rise in interest rates to tame inflation. The upbeat data sent the Australian dollar up 0.3% to $0.7020 and three-year government ​bond futures fell 5 ticks to 95.4, the lowest since early June. Markets narrowed the odds of a fourth rate rise in August to 28%, with a move by the year end priced at 90%, up from 78% before. Figures from the Australian Bureau of Statistics showed net employment shot up ⁠76,300 in June from May, ... (full story)