The unemployment rate in Australia fell to an eight-month low of 3.9% in November, compared to forecasts of 4.2%. The economy also added 35,600 jobs, surpassing economists' expectations of 25,000, reinforcing the labor market's resilience this year.

Australia’s unemployment rate unexpectedly fell in November as the nation’s streak of hiring gains extended, underscoring the resilience of the labor market to elevated interest rates and prompting traders to pare back bets of a February interest-rate cut.

Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday.