Australia April employment unexpectedly falls, jobless rate ticks up
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2023-05-18 09:58
SYDNEY Australia employment unexpectedly dipped in April, following two months of outsized gains, while the jobless rate also

SYDNEY Australia employment unexpectedly dipped in April, following two months of outsized gains, while the jobless rate also ticked up, in a sign that the red-hot labour market might be cooling.

Figures from the Australian Bureau of Statistics showed net employment fell 4,300 in April from March, when they rebounded by a revised 61,100. Market forecasts had been for a rise of 25,000.

The jobless rate ticked up to 3.7%, when analysts had expected a steady 3.5%.

(Reporting by Stella Qiu; Editing by Christian Schmollinger)

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