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Jobs Surge Amid Inflation Woes | Australia News
Description
Job growth surged in June with 76,000 new roles—way above expectations—driven mostly by part-time work and a rising workforce participation rate. But while the labor market shows strength, inflation risks loom, especially with oil prices climbing due to Middle East tensions. Meanwhile, job ads are falling, hinting at cooling demand. The Reserve Bank faces a tough balancing act: fueling jobs without sparking inflation.
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