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

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Jobless rate increases from a revised 3.9% in March but it’s a mixed picture with employers adding 38,500 jobs overall

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 economy added a net 38,500 positions with full-time roles down 6,100 while part-time positions rose 44,600. Economists had forecast employers would add 23,700 jobs in April.

 

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