ABS figures show employers added 47,500 positions last month, above forecasts
Australia’s economy added more jobs than expected last month as the unemployment rate remained steady, making an early Reserve Bank interest rate cut less likely.
The participation rate, one measure of the share of the population in work or looking for employment, remained at its record level of 67.1%. it viewed current conditions to be “above” full employment with jobless rate needing to rise to ensure inflation’s retreat continued.the US Federal Reserve making its first reduction
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