Australia’s unemployment rate rises to 3.8% in March as employers shed more than 6,000 jobs

Australia’s unemployment rate rises to 3.8% in March as employers shed more than 6,000 jobs
By: The Guardian Posted On: April 18, 2024 View: 11

Reserve Bank and Treasury had predicted unemployment rate would rise from February’s 3.7% as interest rates biteFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s economy shed 6,600 jobs last month as employers responded to weak demand by trimming staff numbers.The unemployment rate in March was 3.8%, the Australian Bureau of Statistics announced on Thursday, rising from February’s 3.7%.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...

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