Economy
Thursday, 6/25, 02:36 AM
Australia's Economy Firms in May, Keeping the RBA in No Hurry to Cut
- Australia added 40,300 jobs in May and the unemployment rate slipped to 4.4% from a multi-year high of 4.5%, while household spending rose 1.3% — a firmer set of readings that gives the Reserve Bank of Australia little reason to rush into interest-rate cuts.