Australia’s unemployment rate dips to 4% as economy adds 40,000 new jobs

Jobless rate eases as employers shrug off rising costs to keep adding to their workforces

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Australia's unemployment rate eased last month as employers shrugged off rising costs including higher interest bills to keep adding to their workforces.

The jobless rate was 4% in May, the Australian Bureau of Statistics said on Thursday. That was in line with economists' predictions and was a slight drop from April's 4.1%.