Reported 7 months ago
Australian employment exceeded expectations in May with an increase of 39,700 jobs and a decrease in the unemployment rate to 4%. The strong labor market performance is expected to have little impact on rate cuts, with markets anticipating easing to begin in the second quarter of the following year. Despite a slowdown in the economy, the Australian labor market remains robust, with full-time employment rising and the jobless rate falling in line with estimates.
Source: YAHOO