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Australian Unemployment Rate Declines as Fewer People Seek Work
Australian unemployment declined to 5.4 percent in May as fewer people sought work. Key Details Jobs gained 12,000 from April; economists forecast 19,000 gain Unemployment fell to 5.4% from 5.6%; estimate 5.5% Full-time jobs dropped 20,600; part-time employment rose 32,600 Participation rate fell to 65.5%; economists predicted 65.6% Aussie dollar was little changed at 75.69 U.S. cents at 11:55 a.m. in Sydney Big Picture Unemployment has been range-bound at around 5.5 percent for the past year, absorbing blockbuster job gains in late 2017 and then a slower pace of hiring in the first four months of 2018. Australian ... (full story)