Original article by Jacob Greber
The Australian Financial Review – Page: 7 : 7-Aug-15

Data from the Australian Bureau of Statistics shows that the nation’s unemployment rate rose from 6.1 per cent to 6.3 per cent in July 2015. However, it is estimated that the economy added 38,500 jobs during the month, compared with economists’ expectations of just 10,000. Treasurer Joe Hockey says this demonstration that the transition from the construction phase of the mining boom is proceeding well, while Ivan Calhoun of National Australia Bank expects interest rates to remain on hold in the near-term.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE TREASURY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN LABOR PARTY, RESERVE BANK OF AUSTRALIA