Australian jobs rebounded in August following a surprise drop while the unemployment rate held steady, suggesting the labor market is managing to cope with the Reserve Bank’s 12 interest-rate increases.

The economy added 64,900 roles from the prior month — driven primarily by part-time jobs — compared with estimates for a 25,000 gain, Australian Bureau of Statistics data showed Thursday. The jobless rate held at 3.7% as the labor force swelled, having hovered in a range of 3.4%-3.7% since June last year.

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