May employment surges as jobless rate holds at 48-year low - The Australian Financial Review

The labour market defied economists’ expectations in May, as 60,600 people found jobs and the unemployment rate held steady at a 48-year low of 3.9 per cent.

Bond futures are fully priced for another half-point lift to the RBAs 0.85 per cent cash rate in July and a 12 per cent chance of a 0.75 percentage point increase. Markets are pricing in a cash rate … [+5996 chars]

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