Australian Unemployment Falls to 2-1/2 Year Low; Rate Bets Drop

Updated on
  • Report shows 26,100 jobs added as part-time roles surged
  • RBA interest-rate cut bets for May meeting decline to 16%

Australia's Jobless Rate Drops to 5.7% in March

Australia’s jobless rate unexpectedly fell to the lowest level in two-and-a-half years in March, reflecting a lift in business confidence and signaling the central bank is unlikely to ease policy in the near-term.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.