Australia's employment in June increased by a higher-than-expected 76,000, leading to a sharp increase in expectations for a rate hike by the Reserve Bank of Australia in August.

Zhtng Cijng APP noted that the number of employed people in Australia in June increased significantly, continuing the momentum from the previous month, highlighting the continued strength of the country's labor market and raising market speculation about another interest rate hike. Data released on Thursday showed that after the employment figure for May was revised upward to an increase of 44,000 people, the economy added 76,300 new jobs in June, more than five times the expected amount.