澳洲新闻 (ABC新闻快递) 2010-06-05（在线收听）

A positive turn in the US jobs market has failed to lift hopes of an economic recovery with 431,000 new jobs recorded in May. The unemployment rate dropped from 9.7 percent to 9.9 percent last month on the back of public sector hiring for an upcoming census. The private sector jobs accounted for less than 10 percent of the rise with employers still extremely wary about taking on new staff.

Prime Minister Kevin Rudd says he won't be rushing tax negotiations with mining companies over the resources super profits tax.Queensland Premier Anna Bligh wants the war of words between mining companies and the Federal Government settled quickly. But Mr Rudd said the process will take as long as it's needed whether it's weeks or months.

Now those US employment figures saw Wall Street close lower. The Dow Jones and the NASDAQ both closed down over 3 percent. The S&P 500 finished in the red as well.

European markets also slumped overnight on concerns of a new debt crisis in Hungary. The FTSE 100 lost more than 1.5 percent. The DAX and the Euro Stoxx 50 dropped about 2 percent and 3 percent respectively.

The Australian dollar is weaker against most of the major currencies. And in commodities, gold is up while oil is down slightly.

And that's the latest ABC Business News. For more you can log onto our website at abc.net.au/news/business.