(Bloomberg) Australian employers are offering signing bonuses to entice workers, with companies like Wesfarmers Ltd. and Ramsay Health Care Ltd. reporting up to 8% in wage growth, highlighting a tight labor market and complicating the Reserve Bank’s inflation fight.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Subma
The Australian dollar strengthened against other major currencies in the Asian session on Thursday, as the stronger jobs data in March pointed to a tight labor market that could keep inflation elevated and open doors for the Reserve Bank to raise interest rates again.