Australian unemployment rate falls, more interest rate hikes forecast

CANBERRA, June 15 (Xinhua) -- The Australian Bureau of Statistics (ABS) on Thursday reported a drop in the country's unemployment rate.

According to labor force data published by the ABS, the economy added about 76,000 jobs between April and May, driving the unemployment rate down to 3.6 percent.

The ABS said the increase in employment in May saw the number of employed people in Australia reach 14 million