Australia's unemployment rate falls to 4.4 percent as job growth surges

Australia's unemployment rate eased to 4.4 percent in May, down from a four-year high of 4.5 percent in April. In May, 40,300 jobs were created as 18,300 fewer individuals were unemployed. The Reserve Bank's decision to hold interest rates indicates an August rate hike may still occur amid rising inflation.

Summary by OZbrief Editorial · The West Australian · Source