Australian dollar jumps on strong jobs data

The Australian dollar has jumped three quarters of a US cent as the unemployment rate surprisingly fell.

The jobless rate dropped to 6.0 per cent in May, as the number of people with jobs lifted by 42,000, better than market expectations of a 10,000 gain.

The Australian dollar rose to 77.93 US cents by 1132 AEST, from 77.23 US cents just before the jobs numbers were released.