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![The new jobs report beat market expectations and helped boost the Aussie dollar [Xinhua]](http://thebricspost.com/wp-content/uploads/2015/12/239671370_8-e1449732744753.jpg)
The new jobs report beat market expectations and helped boost the Aussie dollar [Xinhua]
This brought the unemployment rate to a 20-month low of 5.8 per cent, the Bureau added. The unemployment rate was 5.9 per cent in October.
Some 71,400 new jobs were created in November, Bureau statistics showed, and about 41,000 of these were full time employment.
The jobs report, however, failed to raise the Australian ASX 200 stock market which continued its three-week slump on Thursday to close 0.84 per cent down at 5,037.
Australia, and other Asia-Pacific markets, is still rattled by the plunge in oil prices earlier this week.
But the Australian did get a boost against the American greenback on Thursday.
It closed at 0.72875 against the US dollar, up from 0.7206.
Meanwhile, the US dollar continued its retreat against the euro late Wednesday to settle just above 1.10. The euro has steadily gained ground since European markets appeared dissatisfied following the European Central Bank’s new fiscal policy, announced last week.
The Japanese yen also gained against the dollar. On Wednesday, the dollar closed at 122.8 yen; on Thursday, it closed at 121.68.
The strengthening yen, however, was bad news for Japan’s Nikkei stock exchange where a stronger currency meant fewer purchases of Japanese products abroad.
The Nikkei on Thursday fell 1.32 per cent at the end of trading in Tokyo.
The BRICS Post with inputs from Agencies
