Australia Jobless Rate May Stay Near 5%

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May 10 (Bloomberg) -- Nigel Heap, chairman for Asia Pacific at Hays Plc, a London-based recruiting company, talks about Australia's labor market and central bank monetary policy. Australia’s unemployment rate unexpectedly dropped to a one-year low as payrolls rose for a second straight month, driving a rebound in the local currency. Heap speaks from Sydney with Zeb Eckert on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)