Unemployment in Australia came in at 6.0% in June from 5.8% in May that was revised to 5.9%, while analysts expected unemployment to increase to 5.9%.This came despite employers added 15.9 thousand jobs compared with losing 4.8 thousand in May and it was revised to adding 5.1 thousand, while market projections referred to adding 12.0 thousand jobs.
The pick up in unemployment come along with weakness in mining investments and exports, especially with the slowdown seen in China, Australia`s main trade partner, so it was expected to see worse than estimates signs of failure.