Jobs Surge But Inflation Looms

Australia’s job market just hit a strong note with over 40,000 new jobs in May, slashing unemployment to 4.4%—surpassing economists’ forecasts. The gain came mostly from part-time roles, while full-time jobs edged up modestly. With workforce participation holding steady at 66.7%, the economy’s momentum is clear—but don’t get too comfy: inflation’s still sticky, especially for businesses facing rising transport and material costs. That means while jobs are booming, the Reserve Bank’s rate-hike watch remains very much on. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4e8004679be00127