Australia added a whopping 42,000 jobs in May, flying past the 10,000 additions that analysts in a Reuters poll estimated, the Australian Bureau of Statistics said Thursday.
Unemployment rate for May was at 5.5 percent, also coming in lower than the projected 5.7 percent.
The Australian dollar strengthened following the release of the country's latest employment data at 9:30 HK/SIN, trading 0.5 percent higher against the greenback.
Australia's employment figures have traditionally been volatile but the trend in recent months has pointed to an improvement in the labor market, Steven Milch, chief economist at Suncorp, told CNBC's "Squawk Box."
"It's certainly strong. It's the third consecutive month of strong numbers, stronger than what we were expecting," he said.