Economists warn Australia’s tight jobs market is likely to soften as a slowdown in hiring across government-funded industries exposes weaker growth in the private sector.
The unemployment rate held steady at 4.1 per cent in May, even as the jobs market unexpectedly shed 2500 workers, the Australian Bureau of Statistics said on Thursday.
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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
