Murray Olds: Australian correspondent on Australia's unemployment rate rising to 3.7 percent
Australia's unemployment rate rose from 3.5 percent to 3.7 percent, surprising economists.
According to data from the Australian Bureau of Statistics, an estimated 4,300 jobs were lost in the last month.
Australian correspondent Murray Olds says economists are hoping this slight rise in unemployment will help inflation ease.
Murray Olds says the Reserve Bank of Australia is due to meet next month, and unemployment will hopefully take the heat out the market ahead of a potential rate increase.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.