Australia’s unemployment rate rises to 4.1% reducing chance of another RBA interest rate hike

Australia’s unemployment rate rises to 4.1% reducing chance of another RBA interest rate hike
By: The Guardian Posted On: May 16, 2024 View: 11

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...

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