Australia March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%

Australian unemployment rate rises to 3.8 percent in March

Australia unemployment rate rose slightly to 3.8 percent in March, official data has revealed. According to figures published by the Australian Bureau.....

Australia March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%

SYDNEY (Reuters) – Australian employment fell in March after an enormous gain the month before while the jobless rate resumed its uptrend, a sign that the hot labour market was still on track to loosen from here. Figures from the Australian Bureau of Statistics on Thursday showed net employment dropped 6,600 in March from February, when it rose a revised 117,600. Market forecasts had been for a small gain of 10,000 after a blockbuster Februa…

Jobless rate inches higher to 3.8 per cent

The state of the labour market is on display as the latest unemployment figures are released. (Diego Fedele/AAP PHOTOS) By Poppy Johnston in Canberra The jobless rate has inched 0.1 percentage points higher to 3.8 per cent, with 7000 jobs disappearing from the economy in March. The participation rate fell to 66.6 per cent from 66.7 per cent in February, according to official labour force data from the Australian Bureau of Statistics. “With emplo…

Australia gets better-than-expected unemployment rate

Australia's unemployment rate has risen slightly to 3.8 per cent, up from last month's surprisingly low figure of 3.7 per cent, after 6600 jobs were lost in March.The jobless rate, revealed today by the Australian Bureau of Statistics, is slightly better than market forecasts of a larger rise to 3.9 per cent."With employment falling by around 7000 people and the number of unemployed rising by 21,000 people, the unemployment rate rose to 3.8 per…

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 economis…

Jobs market 'incredibly tight' despite rise in unemployment

The unemployment rate increased slightly to 3.8 per cent in March, after employment fell by 7,000 people and unemployment rose by 21,000 people.