As the labour market tightens, employment in Australia rises in May
Net employment surged 60,600 in May from April when it edged up just 4,000. That far surpassed market forecasts of a 25,000 rise and brought gains for the year to 386,100. The jobless rate held at 3.9% in May, but only because the participation rate unexpectedly jumped to a record high. The Reserve Bank of … Read more
