SBS On the Money: Why the jobs market is loosening even with a decline in the unemployment rate
The seasonally adjusted unemployment rate fell by 0.1 percentage point to 4 per cent in May. Source: SBS News
Australia's unemployment rate fell from 4.1% in April to 4% in May, but there are evident signs of a softening in conditions. SBS Finance Editor Ricardo Gonçalves discusses them with Westpac Senior Economist Pat Bustamante, along with the market reaction and latest on the Chemist Warehouse sharemarket listing with Henry Jennings from Marcus Today.
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