SYDNEY: Australian employment staged a surprisingly strong revival in June while the jobless rate ticked down toward three-decade lows, keeping alive the risk that a drum-tight labour market could fuel inflationary pressures. The Australian dollar jumped half a U.S. cent after the government reported employment rose by a net 29,800 in June, easily beating forecasts of a 10,000 gain. That made up for a revised 25,600 drop in MayWednesday, July 9, 2008
Australia jobs rebound, unemployment dips anew
SYDNEY: Australian employment staged a surprisingly strong revival in June while the jobless rate ticked down toward three-decade lows, keeping alive the risk that a drum-tight labour market could fuel inflationary pressures. The Australian dollar jumped half a U.S. cent after the government reported employment rose by a net 29,800 in June, easily beating forecasts of a 10,000 gain. That made up for a revised 25,600 drop in May
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