More than 47,000 people found work and the rate of workforce participation remained at a record high last month, cementing economists’ expectations the Reserve Bank of Australia will leave the cash rate on hold for the rest of the year despite a supersized rate cut by the US Federal Reserve.

The employment growth figures were better than market expectations of a 26,000 gain and are in line with the Reserve Bank’s view that the labour market is slowing but only very gradually.