Jobs data prompt Aussie dollar to slide

RICARDO'S BUSINESS: The Australian dollar fell US$0.01 in the minutes following a surprise drop in the number of jobs created in April.

1 min read

Published 12 May 2011 2:48pm

Updated 26 August 2013 9:20am

Source: SBS

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The Australian dollar fell US$0.01 in the minutes following a surprise drop in the number of jobs created in April.

The unemployment rate remained at 4.9 per cent, and while the government's budget forecast a decline to 4.5 per cent in two years, one economist says that's not going to happen.

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