Thursday, May 19, 2016

Jobless rate steady, adds to case for August rate cut

Unemployment has remained unchanged at 5.7 percent, with the estimated addition of 10,800 jobs last month.

Listen to my analysis from The World Today

The Bureau of Statistics figures for April show that a small decline in the proportion of people in work or looking for it helped hold the jobless rate steady, despite relatively weak employment growth.

The Australian dollar fell, signalling bets are rising for a Reserve Bank rate cut as early as August.

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