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Australia’s Unemployment Tumble Fuels View RBA Won’t Extend YCC

  • Full-time jobs led gains, up 97,500, part-time rose by 17,700
  • Australia jobless rate has fallen for seven consecutive months
General Views In Sydney As Slow Vaccine Rollout Could Keep Australia Isolated Into 2022
Photographer: Lisa Maree Williams/Bloomberg
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Australian unemployment tumbled in May in response to a burst of hiring, further fueling expectations that Reserve Bank Governor Philip Lowe will not extend the timeline of the bank’s yield control measures next month.