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