Reported 7 months ago
Recent data shows that Australia's unemployment rate decreased to 4% in May, with the addition of 39,700 roles driven by full-time jobs. Despite ongoing concerns about interest rates and immigration, the jobless rate fell from 4.1%, reflecting the resilience of the country's labor market. Money markets have adjusted rate cut expectations, and economists believe the labor market remains a bright spot in Australia's economy despite challenges.
Source: YAHOO