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An extra 60,600 Australians found work in May. Here's why wages aren't moving much

Written by Jeff Borland, Professor of Economics, The University of Melbourne

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The rate of unemployment remained steady at 3.9% between April and May.

That Australia has now managed to keep a rate of unemployment below 4% for three consecutive months is extraordinarily good news.

It gets better. While the unemployment rate didn’t improve, the labour market did, substantially.

The number of Australians in jobs...

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