The Australian Bureau of Statistics released its labour market data on Thursday. Australia's unemployment rate fell to 6.2% in August from 6.3% in July, in line with expectations.

The number of employed people in Australia climbed by 17,400 in August, beating forecast of a rise by 5,000, after a gain by 39,200 in July. July's figure was revised up from a rise by 37,900.

Full-time employment rose by 11,500 in August, while part-time employment climbed by 5,900.

The participation rate declined to 65.0% in August from 65.1% in July.