Jobless rate increases from a revised 3.9% in March but it’s a mixed picture with employers adding 38,500 jobs overall
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Australia’s jobless rate rose more than expected last month as more people looked for work, easing risks of another Reserve Bank rate hike.
The unemployment rate in April was 4.1%, seasonally adjusted, compared with a revised 3.9% for March, the Australian Bureau of Statistics said on Thursday. Economists had predicted the jobless rate would edge higher for a third consecutive month to 3.9%.
Continue reading…Jobless rate increases from a revised 3.9% in March but it’s a mixed picture with employers adding 38,500 jobs overallFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s jobless rate rose more than expected last month as more people looked for work, easing risks of another Reserve Bank rate hike.The unemployment rate in April was 4.1%, seasonally adjusted, compared with a revised 3.9% for March, the Australian Bureau of Statistics said on Thursday. Economists had predicted the jobless rate would edge higher for a third consecutive month to 3.9%. Continue reading…
