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AAP
AAP
Politics
Poppy Johnston

Weakness creeping into labour market as hiring slows

The labour market is slowly losing momentum as the RBA's interest rate hikes weaken the economy. (Dean Lewins/AAP PHOTOS)

Slower hiring and fewer hours of work on offer are allowing the jobs market to weaken gradually at a pace broadly in line with the central bank's expectations.

An unsurprising May labour force report from the Australian Bureau of Statistics on Thursday is unlikely to shift the dial for the Reserve Bank ahead of the June board meeting, with interest rates expected to stay on hold at 4.35 per cent.

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