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The New Daily
The New Daily
Matthew Elmas

Immigration key to Australia avoiding a recession, unlike NZ

Australia Recession Immigration RBA Sean Langcake New Zealand Nicki Hutley Economy
Australia's jobless rate remains low despite rising interest rates and prices hitting consumers. Photo: AAP

If Australia is lurching towards a recession like the one neighbouring New Zealand is now suffering, there were few signs of it on Thursday.

That’s because the labour market continues to buck the economic blues by adding 76,000 jobs in May, according to data published on Thursday.

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