Australian unemployment rates stabilized in August at 3.7%, according to figures issued by the Australian Bureau of Statistics (ABS) at the beginning of the Asian session on Thursday, matching expectations with the labor market participation rate rising to 67% from 66.9%.

The Australian economy added about 64,900 jobs in August, bringing the total number of employment to 14,107,900 million jobs, compared to 14,043,000 million in July, after losing more than 1.4 jobs, while expectations indicated the addition of approximately 25,000.

Jobs in August were supported by an increase in part-time jobs by 62,100 thousand to reach 4,258,100 people, while the number of full-time workers increased by 2,800 people.