A bumper run in Australian jobs extended to March and more people went looking f...
SYDNEY - A bumper run in Australian jobs extended to March and more people went looking for work, official data on Thursday showed, a sign the country’s labor market remains strong despite a small uptick in the unemployment rate.
The employment report is being closely watched for clues on monetary policy as the country’s central bank is counting on labor market strength for a long-awaited pick up in wage growth and inflation in the face of a property market downturn. Australia is creating jobs at a brisk annual pace of 2.4 percent, much faster than the 1.6 percent rise in population.
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