The Reserve Bank and treasury had predicted the ABS-reported unemployment rate would rise from February’s 3.7% as interest rates squeeze demand
Australia’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. That compared with the previously reported 3.7% for February and the 3.9% jobless rate economists had forecast for last month.
Continue reading…The Reserve Bank and treasury had predicted the ABS-reported unemployment rate would rise from February’s 3.7% as interest rates squeeze demandAustralia’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. That compared with the previously reported 3.7% for February and the 3.9% jobless rate economists had forecast for last month.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…