Thu, 11 Jun 2015 10:03:04 GMT
Jobless rate in Australia falls to one year low
Australian unemployment rate fell to 6% in May, from 6.1% in the prior month, as the number of employed people increased by 42,000, almost three times more than the forecast. The labour market seems to be very firm relative to insufficient domestic demand and plans of businesses for lowering investment next year, but slowdown in wage growth also supported employment.