Employment data surprises the market

15 June 2015

 

Australia saw its strongest May jobs growth in eight years with 42,000 jobs added in the month and the jobless rate fell to 6.0% from a revised 6.1% in April, according to the ABS. The improvement was "driven by increases in part-time employment for females (up 29,800) and full-time employment for males (up 15,900)". The participation rate remains at 64.7%, revised from an earlier 64.8%. Many economists questioned whether the data was accurate.  The...

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