Surging employment growth will not stop the Reserve Bank of Australia from cutting the cash rate next week, but economists caution the tight jobs market could prevent the central bank from lowering rates much further.
About 89,000 people found work in April, the Australian Bureau of Statistics said on Thursday, beating expectations for modest gains of 22,500.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
