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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Unemployment rate falls to 3.5% as the economy adds 32,600 jobs in June on latest ABS figures

The unemployment rate is linked to interest rates and the resilience of the economy.
The employment rate announcement is linked to RBA-set interest rates and the resilience of the economy. Photograph: Mike Bowers/The Guardian

Australia’s employers added 32,600 more jobs last month as the economy maintained its resilience despite a leap in interest rates.

Australia’s unemployment rate in June was 3.5%, the Bureau of Statistics said on Thursday. Economists had expected the rate to remain unchanged for the month from May’s 3.6% tally, with a net 15,000 positions added. The ABS revised May’s rate down to 3.5%, not far shy of last October’s 3.4%, the lowest since the mid-1970s.

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