Australia's unemployment rate expected to fall below 4% in May, with ANZ predicting a 15,000 job increase.
Australia's jobs market faces a test in a sluggish economy as labour force data for May is released. Despite a 0.1% economy expansion in Q1, unemployment rate is expected to fall below 4% in May. ANZ economists predict a 15,000 increase in employment, following a 38,500 rise in April and a 5,900 drop in March. The data will show resilience amidst higher interest rates and price pressures.
June 09, 2024
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