Australia’s unemployment rate fell and the economy added more jobs than expected in May, keeping the door open for the central bank to raise interest rates further in its bid to tame inflation. Unemployment fell to 4.4% in May from 4.5% in April, with total employment rising by 40,300, the Australian Bureau of Statistics said Thursday. Economists had expected the jobless rate to fall but only anticipated about 32,000 additional jobs. The economy added back almost all the 40,700 jobs the ABS said were lost in April, when the unemployment rate hit its highest level since November 2021. Full-time employment rose by ... (full story)