Unemployment in Australia at a record low
According to data released yesterday, the number of people with jobs in Australia for June significantly exceeded analysts' expectations for the second month in a row.
According to data released yesterday, the number of people with jobs in Australia for June significantly exceeded analysts' expectations for the second month in a row. The unemployment rate remains around a 50-year low, showing that the labour market is in good shape, which creates the risk of further interest rate hikes by the country's central bank and buoys the Australian dollar.
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