Responses coming in to the huge Australian jobs data beat: "booming jobs"

It is not every day you get a massive beat on expectations like this:

• Australia June Employment Change +50.9K, a huge beat

Responses I have seen include disbelief (there are always more disbelievers when the data is great than when it is bad …. go figure …. bias, right?) through to "Booming jobs" market

ps. For a calmer take, check out the 'trend' data (in the link above). Still a great report, but this puts into better context.

For the AUD, it was marked higher and should remain supported (there may be some 'gap fill' ) as this eases some RBA concerns a little. We get CPI data next week, so that should provide some fresh worries ahead!